Admissibility of Modvat credit on inputs used in manufacture of moulds - Reg.

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..... Representations have been revived in the Board regarding the denial of Modvat credit on inputs like chemicals and resins etc., used in the manufacture of sand moulds for subsequent production of iron castings. 2. It has been reported that Board's Circular No. 29/88 dated 30.6.1988 clarified that credit in such case will not be admissible in as much as said molds are in the nature of equipment .....

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..... d in relation to the manufacture of the final product. 4. While as consequent to the aforesaid judgement credit is being allowed by some of Commissionerates, others are however denying such credit. 5. Board has examined the issue in light of aforesaid quoted judgement. All pending disputes regarding eligibility of credit on the said CEGAT decision. Board's circular No. 29/88 is hereby withdraw .....

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