Special duty of excise incorporated into Modvat scope, with additional duty recharacterised as equivalent to specified excise duties. The amendment inserts the special duty of excise declared in the Finance Bill, 1992 as having the force of law into the list of duties for Modvat input credit and substitutes the clause on additional duty to state it is equivalent to duties of excise including that special duty; consequential substitutions in the first proviso revise cross-references to extend equivalence and to cite the special duty as provisionally in force.
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.
Special duty of excise incorporated into Modvat scope, with additional duty recharacterised as equivalent to specified excise duties.
The amendment inserts the special duty of excise declared in the Finance Bill, 1992 as having the force of law into the list of duties for Modvat input credit and substitutes the clause on additional duty to state it is equivalent to duties of excise including that special duty; consequential substitutions in the first proviso revise cross-references to extend equivalence and to cite the special duty as provisionally in force.
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