Modvat scheme amendments clarify duty equivalence and update tariff classifications to redefine eligible inputs and final products. Amendments clarify duty-equivalence language in opening and proviso clauses, substitute certain tariff heading references and numeric entries in a proviso, expand a sub-heading reference, and replace the statutory Table mapping eligible inputs to final products, thereby updating which chapters and headings qualify under the Modvat credit scheme pursuant to rule 57A of the Central Excise Rules, 1944.
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Provisions expressly mentioned in the judgment/order text.
Modvat scheme amendments clarify duty equivalence and update tariff classifications to redefine eligible inputs and final products.
Amendments clarify duty-equivalence language in opening and proviso clauses, substitute certain tariff heading references and numeric entries in a proviso, expand a sub-heading reference, and replace the statutory Table mapping eligible inputs to final products, thereby updating which chapters and headings qualify under the Modvat credit scheme pursuant to rule 57A of the Central Excise Rules, 1944.
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