Economics · Taxation in India
Which mechanism within the Indian excise framework was specifically designed to prevent the cascading effect of taxation by allowing manufacturers to claim credit for duties paid on raw materials?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Self-Assessment Procedure
- 2MRP-Based Valuation
- 3Transaction Value System
- 4CENVAT Credit System✓
Correct answer
CENVAT Credit System
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