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General Knowledge - General Knowledge:

General Knowledge

MCQ - 1595-6854

Question:

Modvat is

  1. modified value added
  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. a term used in excise which is a new scheme of indirect taxes

Correct Answer: D

Explanation:

Not available

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2091 MCQ for effective preparation of the test of General Knowledge of General Knowledge section.

Read the MCQ statement: Modvat is, keenly and apply the method you have learn through the video lessons for General Knowledge to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 1595-6854.

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