Amending Notification No. 177/86-C.E. so as to allow credit or set-off of special excise duty paid on inputs used in finished products under Modvat scheme - 10/90 - Central Excise - Non Tariff
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Special excise duty credit under MODVAT extended to allow set-off of duty paid on inputs used in finished products. Amendment expands MODVAT credit to include the special duty of excise declared in the Finance Bill, 1990 as having provisional legal force, by inserting a new clause identifying that duty as eligible for credit or set-off on inputs used in finished products and by substituting prior proviso language to reference the newly declared special duty.
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 excise duty credit under MODVAT extended to allow set-off of duty paid on inputs used in finished products.
Amendment expands MODVAT credit to include the special duty of excise declared in the Finance Bill, 1990 as having provisional legal force, by inserting a new clause identifying that duty as eligible for credit or set-off on inputs used in finished products and by substituting prior proviso language to reference the newly declared special duty.
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