Modvat scheme expansion: substituted inputs/intermediates/finals table excludes goods under specified tariff chapters, headings and high-speed diesel. Amendment under rule 57J substitutes the table in Notification No. 351/86-C.E. to redefine eligible inputs, intermediate products and final products for the Modvat Scheme. The substituted table excludes specified tariff classifications from eligibility, including goods under Chapter 24, certain specified headings, certain mineral oil subheadings (excluding natural gasoline liquid), specified woven fabric chapters, and high speed diesel oil, thereby clarifying the scope of input credit eligibility by reference to tariff classification.
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Modvat scheme expansion: substituted inputs/intermediates/finals table excludes goods under specified tariff chapters, headings and high-speed diesel.
Amendment under rule 57J substitutes the table in Notification No. 351/86-C.E. to redefine eligible inputs, intermediate products and final products for the Modvat Scheme. The substituted table excludes specified tariff classifications from eligibility, including goods under Chapter 24, certain specified headings, certain mineral oil subheadings (excluding natural gasoline liquid), specified woven fabric chapters, and high speed diesel oil, thereby clarifying the scope of input credit eligibility by reference to tariff classification.
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