Modvat for specified tobacco products and yarn, fibres and fabrics - Notification No. 24/94-C.E. (N.T.) - Amended - 30/96 - Central Excise - Non Tariff
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Modvat amendment clarifies input-credit eligibility for specified tobacco products and certain yarn, fibres and fabrics. Amendment substitutes the prior table in Notification No. 24/94-C.E. (N.T.) to specify final products and corresponding input chapters eligible for Modvat credit, focusing on tobacco products and cotton or man-made fibre fabrics, and listing express exclusions including certain petroleum fractions and high speed diesel; the substitution clarifies scope by reference to chapter and heading numbers and comes into effect the day after issuance.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Modvat amendment clarifies input-credit eligibility for specified tobacco products and certain yarn, fibres and fabrics.
Amendment substitutes the prior table in Notification No. 24/94-C.E. (N.T.) to specify final products and corresponding input chapters eligible for Modvat credit, focusing on tobacco products and cotton or man-made fibre fabrics, and listing express exclusions including certain petroleum fractions and high speed diesel; the substitution clarifies scope by reference to chapter and heading numbers and comes into effect the day after issuance.
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