Modvat is


Options: modified value added,    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,    All of the above

Ans:D,D


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Asked in: KCC-2018   |   JOA 556-2018  |  HRTC JTO-2017

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