Restoring modvat credit on intermediate goods during the period 20.5.94 to 20.10.94 consequent to rescinding of Rule 56A

Restoring modvat credit on intermediate goods during the period 20.5.94 to 20.10.94 consequent to rescinding of Rule 56A https://www.taxtmi.com/circulars?id=234 The Central Government amended Rule 57H of the Central Excise Rules, 1944 and issued Notification No. 35/98-CE(NT) dated 1 September 1998 to restore Modvat credit admissibility for specified intermediate goods (such as covered rubber thread and covered spendex yarn) for the intervening period following rescission of the proforma credit provisions, thereby addressing the anomaly created between the rescission and its prospective correction. en-us Fri, 25 Sep 1998 00:00:00 +0530 Mon, 22 Sep 2008 18:10:00 +0530 TaxTMI RSS Generator Restoring modvat credit on intermediate goods during the period 20.5.94 to 20.10.94 consequent to rescinding of Rule 56A https://www.taxtmi.com/circulars?id=234 The Central Government amended Rule 57H of the Central Excise Rules, 1944 and issued Notification No. 35/98-CE(NT) dated 1 September 1998 to restore Modvat credit admissibility for specified intermediate goods (such as covered rubber thread and covered spendex yarn) for the intervening period following rescission of the proforma credit provisions, thereby addressing the anomaly created between the rescission and its prospective correction. Circulars Central Excise Fri, 25 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/circulars?id=234