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of <h1>Finance Ministry Amends Modvat Scheme; Extends Excise Duty Credit on PVC Resins to All Units, Adds Deemed Credit for Metals.</h1> The circular from the Ministry of Finance, dated April 10, 1986, announces relaxations in the Modvat Scheme under the Central Excises Rules, 1944. It amends a previous notification to extend the credit of excise duty paid on PVC resins used in manufacturing intermediate PVC compounds for electric wires and cables to all manufacturing units, regardless of size. Additionally, it highlights a new order providing deemed credit for materials such as iron, steel, aluminum, copper, zinc, and lead, superseding an earlier order from March 14, 1986.
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