Modvat credit effective date postponed, delaying deemed credit commencement under amended notification and governmental authority exercise. Amendment substitutes the previously specified commencement date in paragraph 2 of the earlier notification to defer the commencement of Modvat credit to yarns and fibres on a deemed basis; the change is made under the delegated rulemaking power conferred by sub rule (2) of the Central Excise Rules and operates solely by substituting the date in the earlier notification.
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Provisions expressly mentioned in the judgment/order text.
Modvat credit effective date postponed, delaying deemed credit commencement under amended notification and governmental authority exercise.
Amendment substitutes the previously specified commencement date in paragraph 2 of the earlier notification to defer the commencement of Modvat credit to yarns and fibres on a deemed basis; the change is made under the delegated rulemaking power conferred by sub rule (2) of the Central Excise Rules and operates solely by substituting the date in the earlier notification.
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