Modvat credit exclusion expanded to add specified tariff subheadings, narrowing goods eligible for duty credit under the notification. Amendment substitutes the bracketed exception in the Table of the earlier notification to add specified tariff subheadings in chapter 22 to the list of goods excluded from eligibility for credit of duty under the Modvat scheme, narrowing the goods eligible for input duty credit; the change is effected under powers in the Central Excise Rules and is effective from the first day of October, 1987.
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Provisions expressly mentioned in the judgment/order text.
Modvat credit exclusion expanded to add specified tariff subheadings, narrowing goods eligible for duty credit under the notification.
Amendment substitutes the bracketed exception in the Table of the earlier notification to add specified tariff subheadings in chapter 22 to the list of goods excluded from eligibility for credit of duty under the Modvat scheme, narrowing the goods eligible for input duty credit; the change is effected under powers in the Central Excise Rules and is effective from the first day of October, 1987.
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