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of <h1>Central Government amends Notification 177/86-C.E. to refine Modvat Scheme under Central Excises Rules, 1944.</h1> The Central Government has amended Notification No. 177/86-C.E. concerning the Modvat Scheme under the Central Excises Rules, 1944. The amendments include inserting specific phrases related to duties of excise in clauses of the notification and updating certain figures and sub-headings. Additionally, a new table has been substituted, detailing the classification of goods under various chapters of the Central Excise Tariff Act, 1985. These changes aim to refine the classification and applicability of excise duties on inputs and final products under the Modvat Scheme.
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