TMI BlogModvat credit amendment to Notification 177/86X X X X Extracts X X X X X X X X Extracts X X X X ..... wing further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 177/86-Central Excises, dated the 1st March, 1986, namely :- In the said notification, for the second proviso, the following proviso shall be substituted, namely :- "Provided further that, - (1) the credit of specified duty paid in respect of inputs, namely paper and p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ia shall be restricted to the extent of Rs. 900 per tonne or the actual duty paid, whichever is less; (3) the credit of specified duty paid in respect of inputs, namely, the goods falling under Heading Nos. 72.15 and 73.09 and obtained from breaking-up of such ships, boats and other floating structures as are manufactured in India (other than the goods manufactured in a free trade zone or by a h ..... X X X X Extracts X X X X X X X X Extracts X X X X
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