MODVAT Scheme withdrawn on cotton fabrics, man-made fibres of Chapters 60.02 - Amendments to Notification Nos. 5/94-C.E. (N.T.) and 351/86-C.E. - 12/96 - Central Excise - Non Tariff
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MODVAT credit withdrawal: exclusion of specified cotton and man made fibre fabrics narrows input credit eligibility. Amendments to Notification Nos. 5/94-C.E.(N.T.) and 351/86-C.E. withdraw MODVAT/input credit for specified textile items by deleting a proviso on credit for certain inputs and substituting Table entries to exclude goods under Chapter 24, headings 36.05 and 37.06, cotton and man-made fibre fabrics in Chapters 52, 54, 55, and specified headings of Chapters 58 and 60 (with narrow sub-heading exceptions), thereby narrowing the scope of eligible goods for credit under the Central Excise Tariff Schedule.
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 credit withdrawal: exclusion of specified cotton and man made fibre fabrics narrows input credit eligibility.
Amendments to Notification Nos. 5/94-C.E.(N.T.) and 351/86-C.E. withdraw MODVAT/input credit for specified textile items by deleting a proviso on credit for certain inputs and substituting Table entries to exclude goods under Chapter 24, headings 36.05 and 37.06, cotton and man-made fibre fabrics in Chapters 52, 54, 55, and specified headings of Chapters 58 and 60 (with narrow sub-heading exceptions), thereby narrowing the scope of eligible goods for credit under the Central Excise Tariff Schedule.
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