Question

Modvat is

a.

modified value added

b.

a term used in excise which is a new scheme of indirect taxes

c.

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

d.

All of the above

Posted under General Knowledge

Answer: (d).All of the above

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. Modvat is

Recommended Subjects

Are you eager to expand your knowledge beyond General Knowledge? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!