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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Amendment to Modvat Credit on Imported Inputs: Additional Duty Credit Calculated as 10% Ad Valorem Excise Duty</h1> The Central Government has amended Notification No. 5/94-C.E. (N.T.) under rule 57A of the Central Excise Rules, 1944, effective from November 27, 1997. The amendment pertains to Modvat credit on imported inputs. It specifies that for inputs imported into India, except those imported directly by a manufacturer of excisable goods for personal use and received in the factory on or after the specified date, the additional duty credit is calculated as if the input produced or manufactured in India is subject to a 10% ad valorem excise duty.
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