Modvat - Extended to all commodities

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..... the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 5/94-Central Excises (N.T.), dated the 1st March, 1994, namely :- In the said notification, — (i) in the opening portion, for item (iii) and the entries relating thereto, the following shall be substituted, namely, — "(iii) the additional duty of excise under section 3 of the Additional Duties of .....

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..... e 57F of the said Rules", the following provisos shall be substituted, namely, — "Provided that the credit of specified duty in so far as it relates to the additional duty of excise specified under (ii) above or the additional duty specified under (iv)(b) above, allowed in respect of inputs shall be utilised only towards payment of duty of excise leviable under the Additional Duties of Excise (Te .....

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..... ABLE S. No. Description of inputs Description of final products (1) (2) (3) 1. All goods falling within the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), other than the following, namely, - All goods falling within the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), other than the following, namely, - (i) goods classifiable under any heading of Chapter 24 of t .....

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