Is there any different between Modvat & Cenvat...?

Answers were Sorted based on User's Feedback



Is there any different between Modvat & Cenvat...?..

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.

Is This Answer Correct ?    11 Yes 3 No

Is there any different between Modvat & Cenvat...?..

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
CENVAT

Is This Answer Correct ?    0 Yes 3 No

Post New Answer

More Accounting General Interview Questions

What is the Difference Between Simple Chq. and At Par Chq. ?

4 Answers  


wht is different between defered tax liablities and defered tax assets??????

0 Answers  


Who owns the general ledger?

0 Answers  


genteral interview question for accounting

2 Answers   Capital IQ,


Home furniture sold goods to Jhon for 150000 on 10th march 2015, due to damage occured in transmit rs 20000 worth of goods have been returned on 16th march 2015. What is the journal entry for both the instances ?

2 Answers   NA,






I have deducted tds on salary from pay slip for employees for this how to deposit govrt. department. is there any form to fillup, pls tell me the which form to be used.

2 Answers  


why we are considering the net profit as liable in balance sheet

5 Answers  


What Entery Should Made When Godown Rent Paid in Advance At The Time Of Agreement.Transation Is as Below * Rent Paid To XYZ (OWNER OF PROPERTY) For Running Month. * One Month Rent In Advance Tenent will Always pay rent amt 1st of every month. How can we do entry every month and How can party's a/c will due on ending every month. How can party a/c Show ADVANCE RENT. Please enter every entery including JV. With time when it is necessary.

0 Answers  


After close Balance Sheet, we find a expense which was wrongly debited in Profit and Loss A/c. How we adjust next accounting period?

0 Answers   Sky Link,


Tell me an example of a tough decision that you had to make?

0 Answers  


How P/E ratio usefull to the different people?

0 Answers   Capital IQ, Reliance,


Where a cash discount should be recorded in a journal entry?

0 Answers  


Categories