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Eligibility of vat under PVAT 2005

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(Querist)
10 May 2010 will input tax credit paid on emissivity paint or high temperature coating paste, both used for coating re-heating furnaces in iron & steel industry be available.
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
10 May 2010 if they can be said as major raw material in the course f manufacturing of iron/steal then yes.

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