Excise Exemption Limit Raised for Textiles/RMG
NOTIFICATION NO. 47/2003-CE
DATED 17/05/2003
In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), read with sub-section (3) of section 3 of the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957) the Central Government, being satisfied that it is necessary in the public interest so to do, hereby directs that each of the notifications of the Government of India, in the Ministry of Finance (Department of Revenue), specified in column (2) of the Table below, shall be amended in the manner specified in the corresponding entry in column (3) of the said Table.
TABLE
|
S.No. |
Notification No. and date |
Amendments |
|
(1) |
(2) |
(3) |
|
1. |
34/2003-Central Excise, dated the 30th April, 2003 |
In the said notification,-
(i) for the words "thirty lakh rupees", wherever they occur, the words "forty lakh rupees" shall be substituted;
(ii) for the words "twenty five lakh rupees", wherever they occur, the words "thirty lakh rupees" shall be substituted. |
|
2. |
35/2003-Central Excise, dated the 30th April, 2003 |
In the said notification,-
(i) for the words "twenty five lakh rupees", wherever they occur, the words "thirty five lakh rupees" shall be substituted;
(ii) for the words "twenty lakh rupees", wherever they occur, the words "twenty five lakh rupees" shall be substituted. |
|
3. |
36/2003-Central Excise, dated the 30th April, 2003 |
In the said notification,-
(a) in the opening paragraph, after item number (iv), the following shall be inserted, namely,-
"(v) terry towels falling under Chapter 63;
(vi) woolen blankets, of yarn of shoddy, falling under Chapter 63 ";
(b) in paragraph 2, for the words "thirty lakh rupees", wherever they occur, the words "thirty five lakh rupees" shall be substituted. |
[F.No. B3/4/2003-TRU (Pt-II)]
Footnote : (1) The notification No. 34/2003-Central Excise, dated the 30th April, 2003 was published in the Gazette of India, vide number G.S.R. 363 (E), dated the the 30th April, 2003.
(2) The notification No. 35/2003-Central Excise, dated the 30th April, 2003 was published in the Gazette of India, vide number G.S.R. 364 (E), dated the the 30th April, 2003.
(3) The notification No. 36/2003-Central Excise, dated the 30th April, 2003 was published in the Gazette of India, vide number G.S.R. 365 (E), dated the the 30th April, 2003.
(Please refer CIR NO. 722/38/2003-CX, Dt. 09/06/2003 - Passing on of the credit of duty paid yarn by the exempted powerloom units to multiple buyers)
9911796707
