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Authors

Manoj Menon

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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