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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