Modvat - Clarifications regarding allowing credit of duty paid on electrodes

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..... redit of duty paid on electrodes The undersigned is directed to state that doubts have been raised whether Modvat credit can be allowed in respect of duty paid on graphite electrodes used in the manufacture of iron and steel products, and carbon electrodes used in the manufacture of aluminium. 2. It is understood that graphite electrodes is a consumable item used in the manufacture of iron and s .....

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..... expression 'machine' means any machine, machinery, plant, equipment, apparatus or appliance cited in the heading of Chapter 84 or 85." 4. This contention does not appear to be correct. It is only for the purposes of Notes 1 to 4, Section XVI that the word 'machine' (used in Notes) refers to any machine, machinery, plant, equipment, apparatus or appliance mentioned in the heading of Chapter 84 or .....

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