Modvat amendment substitutes specified classification figures in a Central Excise notification, altering input credit applicability. The Central Government, exercising powers under the Central Excise Rules, amends Notification No. 177/86-Central Excises by substituting the numerical code in clause (3) of the second proviso; the change alters the specific input classification applicable for Modvat credit claims under that proviso without other alterations to the notification.
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Provisions expressly mentioned in the judgment/order text.
Modvat amendment substitutes specified classification figures in a Central Excise notification, altering input credit applicability.
The Central Government, exercising powers under the Central Excise Rules, amends Notification No. 177/86-Central Excises by substituting the numerical code in clause (3) of the second proviso; the change alters the specific input classification applicable for Modvat credit claims under that proviso without other alterations to the notification.
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