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Querist : Anonymous (Querist)
05 December 2009 what is the difference b/w cenvat & modvat with example
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
05 December 2009 Cenvat was earlier known as Modvat.

Both are mechanism to allow tax credit of tax paid on inputs/capital goods against Excise duty payable on manufacture.
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CA Balram Sharma

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CA Balram Sharma (Expert)
05 December 2009 there is no diffrence between cenvat and modvat,

ealier we calle modvat but now we called cenvat,
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