Modvat credit expansion: inputs of specified textile headings permitted as credit when used in designated intermediate products. The Central Government amends Notification No. 351/86 by expanding the Table at Sl. No. 1 to permit Modvat credit for inputs falling under headings 51.01, 51.02, 52.01 and 52.02 when used in specified intermediate products, substituting those headings into columns (2) and (3) and adding them to the description of final products in column (4).
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 expansion: inputs of specified textile headings permitted as credit when used in designated intermediate products.
The Central Government amends Notification No. 351/86 by expanding the Table at Sl. No. 1 to permit Modvat credit for inputs falling under headings 51.01, 51.02, 52.01 and 52.02 when used in specified intermediate products, substituting those headings into columns (2) and (3) and adding them to the description of final products in column (4).
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