MODVAT definition

MODVAT means Modified Value Added Tax.

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Examples of MODVAT in a sentence

• The rates are after passing on MODVAT BENEFIT to Uttarakhand Jal Sansthan.

• The rates shown above are after passing MODVAT benefit to Uttarakhand Jal Sansthan.

• The benefit/credit of the CED under MODVAT Scheme duly authenticated by the authorities/representatives of the Central Excise Dept.

• Failure to hand over these documents which results in loss of MODVAT amount, the same shall be recovered from the Transporter by the Company.