Question

Modvat is?????????????

Answer 1

hey friend!
the correct answer will be
 Modvat is 

 modified value added

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

 scheme which allows a manufacturer to claim instant reimbursement of the excise duty paid on the raw

Answer 2

hi frnds here is ur ans,MODVAT refers to Modified Value Added Tax is a unique system under Central Excise Rules that permits manufacturers of excisable goods.
..I hope this will help you pls mark as brainliest