Is there any different between Modvat & Cenvat...?
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Answer / h.r. sreepada bhagi
Earlier Central Excise was called MODVAT (Modified value
Added Tax), subsequently the name has been changed as CENVAT
(Central Value Added Tax Act). In India MODVAT has beeen
replaced by CENVAT and it's a Central Government levy on the
manufactured goods. On imported goods CVD (Countervailing
Duty) is levied in line with Central Excise duty.
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Answer / sujeeth kuaar
YES it is write what u have said in the comment pl explain
me in brief as i wish that learn more about this MOD
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