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

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....he notice of the Board that consequent upon rescinding of Rule 56 A of the Central Excise Rules, 1944 containing the provisions of proforma credit end extension of Modvat credit to the goods covered under the said Proforma credit with effect from 20th May, 1994 certain intermediate products such as covered rubber thread, covered spendex yarn etc. which arose during the course of manufacture of fin....