Economics · Taxation History in India
In the historical evolution of Indian excise duty, which specific mechanism was introduced in 1986 to mitigate the cascading effect of taxation by allowing manufacturers to claim credit for duties paid on inputs?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Corporate Tax
- 2MODVAT✓
- 3Goods and Services Tax
- 4CENVAT
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MODVAT
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