Notification No. 35/2003-CE (Credit of Duty on Finished Goods Lying in Stock - 047/2003 - Central Excise - Non Tariff

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finished goods lying in stock,namely,-

(a) Unprocessed fabrics of cotton not containing any other textile material;


(b) Unprocessed fabrics other than (a) above;

(c) Yarns, which were eligible for exemption, as on 31st March, 2003, from the whole of the excise duty under notification No. 6/2002-Central Excise, dated the 1st March, 2002 (other than the shoddy yarn purchased or procured from outside the factory, and subjected to any process);

(d) Article of apparel and clothing accessories falling under Chapter 61

Declared value multiplied by 26% of the rate of duty on such unprocessed fabrics

Declared value multiplied by 60% of the rate of duty on such unprocessed fabrics

Deemed value multiplied by the rate of duty on such yarn

Declared value multiplied by 12% of the rate of duty on such article of apparel and clothing accessories.