Question
Modvat is
Answer: Option D
Modvat is modified value added, a term used in excise which is a new scheme of indirect taxes and scheme which allows a manufacturer to claim instant reimbursement of the excise duty paid on the raw.
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Modvat is modified value added, a term used in excise which is a new scheme of indirect taxes and scheme which allows a manufacturer to claim instant reimbursement of the excise duty paid on the raw.
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