Minutes of the monthly Modvat meeting - Point No. 17 regarding liability of duty on turnings and borings of aluminium arising during the course of manufacture of pistons - Central Excise - 15/89

Minutes of the monthly Modvat meeting - Point No. 17 regarding liability of duty on turnings and borings of aluminium arising during the course of manufacture of pistons Circular No. 15/89 Dated 19-4-1989 F. No. 261/76/2/88-CX.8 Government of India Ministry of Finance (Department of Revenue) Central Board of Excise and Customs, New Delhi Subject : Minutes of the monthly Modvat meeting - Point No. 17 regarding liability of duty on turnings and borings of aluminium arising during the course of manufacture of pistons. I am directed to invite your attention is invited to the minutes of Point No. 17 of the monthly Modvat meeting held on 6-2-1989 and 8-3-1989 regarding liability of duty on turnings and borings of aluminium arising during the course of manufacture of pistons. Vide Board's telex of even No. dated 3-10-1988, it was clarified that scrap of Aluminium arising during the process of manufacture of Pistons out of Aluminium ingots can not be permitted to be removed under Rule 57F(2). This has resulted in unnecessary - paper work and difficulties to assessees. The matter has been re-examined by the Board. It has been decided to permit movement of aluminium scrap generated during the process of manufactures of pistons out of Aluminium ingots under Rule 57F(2) for converting the same into aluminium ingots and return thereof for subsequent manufacture of pistons. Instructions issued vide Board telex of even No., dated 3-10-1988 stand superseded. The above instructions may be brought to the notice of the field formations. Trade interest may also be suitably informed. Receipt of this letter may please be acknowledged.