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Central Excise - Highlights / Catch Notes

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MODVAT credit - iron and steel products - welding items - the ...


MODVAT Credit: Broad Interpretation of Inputs Includes Iron, Steel, and Welding Items as Capital Goods or Inputs.

March 21, 2017

Case Laws     Central Excise     AT

MODVAT credit - iron and steel products - welding items - the word ‘include’ in the definition of inputs cannot be given a restrictive approach. The items shown in the table would fall under the category of capital goods or inputs - AT

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