Modvat credit: notification amended to include special duty under Finance Act, expanding duties eligible for input credit. The Central Government, exercising powers under rule 57A of the Central Excise Rules, 1944, amends notification No. 177/86 by inserting the words 'the Finance Act, 1984 (21 of 1984), and' after the phrase 'special duty of excise under' in clause (ii) of the opening paragraph, thereby including that special duty among duties considered for credit under Modvat.
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Provisions expressly mentioned in the judgment/order text.
Modvat credit: notification amended to include special duty under Finance Act, expanding duties eligible for input credit.
The Central Government, exercising powers under rule 57A of the Central Excise Rules, 1944, amends notification No. 177/86 by inserting the words "the Finance Act, 1984 (21 of 1984), and" after the phrase "special duty of excise under" in clause (ii) of the opening paragraph, thereby including that special duty among duties considered for credit under Modvat.
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