Central Excise amendment removes specified tariff headings, altering Modvat treatment for certain capital goods. The Central Excise (12th Amendment) Rules, 1994 omit the figures '52.01, 52.02' from item (ii) of the Annexure below Rule 57Q of the Central Excise Rules, 1944, thereby altering the list of tariff headings and affecting the Modvat treatment applicable to the capital goods referenced.
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Central Excise amendment removes specified tariff headings, altering Modvat treatment for certain capital goods.
The Central Excise (12th Amendment) Rules, 1994 omit the figures "52.01, 52.02" from item (ii) of the Annexure below Rule 57Q of the Central Excise Rules, 1944, thereby altering the list of tariff headings and affecting the Modvat treatment applicable to the capital goods referenced.
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