a term used in excise which is a new scheme of indirect taxes

scheme which allows a manufacturer to claim instant reimbursement of the excise duty paid on the raw materials used for the production of the final good

Modvat is - Basic General Knowledge Quiz

Question

Modvat is

A. modified value added
B. a term used in excise which is a new scheme of indirect taxes
C. scheme which allows a manufacturer to claim instant reimbursement of the excise duty paid on the raw materials used for the production of the final good
D. All of the above

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Modvat is

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