Modvat credit of duty paid on yarn and fibres on a deemed basis - Amendment to Notification No. 29/96-C.E. (N.T.) - 46/98 - Central Excise - Non Tariff
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Modvat credit eligibility widened as 'exclusively' replaced by 'primarily', broadening claims for yarn and fibre inputs. Amendment under sub-rule (2) of rule 57A of the Central Excise Rules replaces 'exclusively' with 'primarily' in paragraph 7B of Notification No. 29/96-C.E. (N.T.), thereby broadening the qualifying standard for Modvat credit on yarn and fibres claimed on a deemed basis from sole use to predominant use.
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.
Modvat credit eligibility widened as 'exclusively' replaced by 'primarily', broadening claims for yarn and fibre inputs.
Amendment under sub-rule (2) of rule 57A of the Central Excise Rules replaces "exclusively" with "primarily" in paragraph 7B of Notification No. 29/96-C.E. (N.T.), thereby broadening the qualifying standard for Modvat credit on yarn and fibres claimed on a deemed basis from sole use to predominant use.
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