Modvat credit extension to all wire and cable manufacturers; deemed input credit recognised for specified base metals.

Modvat credit for excise duty on PVC resins used in intermediate PVC compounds for electric wires and cables is extended to all manufacturing units irrespective of size; an administrative order concurrently provides deemed credit for specified base metals (iron, steel, aluminium, copper, zinc and lead), superseding the prior order and clarifying deemed input credit availability.

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