Modvat is
1.Maintenance of Internal Security Act
2.a term used in excise which is a new scheme of indirect taxes
3.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
4.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
Posted Date:-2021-03-06 09:20:04