Admissibility of Modvat credit on inputs used in the manufacture of sand moulds - Clarification regarding - Central Excise - 43/88

Admissibility of Modvat credit on inputs used in the manufacture of sand moulds - Clarification regarding Circular No. 43/88 Dated 5-9-1988 [From F. No. 261/84/1/88-CX.8 ] Government of India Ministry of Finance (Department of Revenue) Central Board of Excise and Customs, New Delhi Subject : Admissibility of Modvat credit on inputs used in the manufacture of sand moulds - Clarification regarding. I am directed to refer to Circular No. 29/88 issued vide Board's letter of even number dated 30-6-1988 on the above subject and to say that Modvat Credit on sand moulds used as inputs would not be admissible when used in the casting process. However credit of duty paid on inputs used in the manufacture of sand moulds would be available if the sand moulds are not fully exempted from C.E. duty. The Board's letter referred above may be deemed to be modified to above extent. Field formations may be advised accordingly.