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of <h1>Central Government Updates Modvat Scheme: Amends Notification 351/86-C.E. Under Rule 57J, Effective March 16, 1995.</h1> The Central Government has amended Notification No. 351/86-C.E. as part of the expansion of the Modvat Scheme, effective from March 16, 1995. This amendment, made under rule 57J of the Central Excise Rules, 1944, replaces the existing table in the notification with a new one. The new table outlines descriptions of inputs, intermediate products, and final products, specifying exclusions such as goods under Chapter 24, headings 36.05 or 37.06, certain sub-headings under 2710, and high-speed diesel oil. The changes aim to align with the Central Excise Tariff Act, 1985.
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