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Abstract

On the 1st of March, 1986, the Central Government, in exercise of its power under section 37 of the Excise Tariff Act, 1985 brought into force rules 57 A to 57] of the Central Exciserules, 1944. These rules are popularly known as the MODVAT rules. By a notification dated 1st March, 1986, the Central Government further specified the goods in respect of which credit would be available under rule 57 A of the Central Excise rules.'

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