Modvat credit for inputs permitted to be cleared under Rule 57F - 24/94 - Central Excise - Non Tariff

Contents

Modvat credit for inputs permitted to be cleared under Rule 57F

Notification No. 24/94-C.E. (N.T.)

Dated 20-5-1994

In exercise of the powers conferred by rule 57A of the Central Excise Rules, 1944 (hereinafter referred to as the said Rules), the Central Government hereby specifies the final products (hereinafter referred to as the said final products) of the description specified in Column (2) of the Table hereto annexed and falling under heading numbers or sub-heading numbers of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) specified in the corresponding entry in Column (3) of the said Table, in respect of which the credit of -

(i) the duty of excise under the Central Excises and Salt Act, 1944 (1 of 1944);

(ii) the additional duty of excise under section 3 of the Additional Duties of Excise (Textiles and Textile Articles) Act, 1978 (40 of 1978);

(iii) the additional duty of excise under section 3 of the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957); and

(iv) the additional duty under section 3 of the Customs Tariff Act, 1975 (51 of 1975) equivalent to :-

(a) the duty of excise specified under (i) above;

(b) the duty of excise specified under (ii) above; and

(hereinafter referred to as "specified duty") already paid on inputs falling under heading numbers or sub-heading numbers as is specified in the corresponding entry in column (4) of the said Table shall be allowed as credit when used in or in relation to the manufacture of the said final products and the credit of duty so allowed shall be utilised for payment of duty leviable on the said final products, or as the case may be, on such inputs, if such inputs have been permitted to be cleared under rule 57F of the said Rules :

Provided that the credit of specified duty in respect of any inputs produced or manufactured -

(a) in a free trade zone and used in the manufacture of final products in any other place in India; or

(b) by a hundred per cent export oriented undertaking or by a unit in an Electronic Hardware Technology Park and used in the manufacture of final products in any place in India,

shall be restricted to the extent of duty which is equal to the additional duty leviable on like goods under section 3 of the Customs Tariff Act, 1975 (51 of 1975), equivalent to the duties of excise specified under (i), (ii) and (iii) above paid on such inputs;

Provided further that the credit of specified duty in so far as it relates to the additional duty of excise specified under (ii) above or the additional duty specified under (iv) (b) above, allowed in respect of inputs shall be utilised only towards payment of duty of excise leviable under the Additional Duties of Excise (Textiles and Textile Articles) Act, 1978 (40 of 1978), on the final products or, as the case may be, on the inputs, if such inputs have been permitted to be cleared under rule 57F of the said Rules :

Provided also that the credit of specified duty in so far as it relates to the additional duty of excise specified under (iii) above or the additional duty specified under (iv) (c) above, allowed in respect of inputs shall be utilised only towards payment of duty of excise leviable under the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957), on the final products or, as the case may be, on the inputs, if such inputs have been permitted to be cleared under rule 57F of the said Rules.

TABLE

S. No.	Description of final products	Heading number or sub-heading number of final products	Heading number or sub-heading number of inputs
(1)	(2)	(3)	(4)
1.	Snuff (a)	2404.50	2404.50
	Preparation, containing snuff (b) of tobacco in any proportion	2404.60	2404.50
2.	Chewing tobacco including preparations commonly known as "Khara Masala", "Kimam", "Dokta", "Zarda", "Sukha" and "Surti".	2404.41	2404.49
3.	Woollen Yarn	5103.10, 5103.21, 5103.29	5103.10, 5103.21, 5103.29
4.	Woollen fabrics	51.07	51.03
5.	Yarn, including sewing thread	52.03, 52.04, 54.02, 54.03, 54.04, 54.05, 55.04, 55.05, 55.06	52.03, 52.04, 54.02, 54.03, 54.04, 54.05, 55.04, 55.05, 55.06
6.	Cotton yarn	52.03, 52.04	52.03, 52.04
7.	Cotton fabrics	52.06, 52.07, 52.08, 52.09, 52.10, 52.11, 5801.20, 5802.12, 58.03, 5804.11, 5805.13, 5901.10, 5903.11, 5903.19, 5905.10, 5906.11	52.06, 52.07, 52.08, 52.09, 52.10, 52.11, 5801.20, 5802.12, 58.03, 5804.11, 5805.13, 5901.10, 5903.11, 5903.19, 5905.10, 5906.11
8.	Flax yarn	5301.31, 5301.32	5301.31, 5301.32
9.	Ramie yarn	5303.31, 5303.32, 5303.39	5303.31, 5303,32, 5303.39
10.	Jute, twist, yarn, thread, ropes and twine, all sorts and Jute manufactures	5302.20, 53.06, 5607.19, 5702.20, 63.01	5302.20, 53.06, 5607.19, 5702.20, 63.01
11.	Synthetic filament yarn, whether or not textured.	54.02, 54.03	54.02, 54.03
12.	Artificial filament yarn, whether or not textured	54.04, 54.05	54.04, 54.05
13.	Man-made fabrics	54.09, 54.10, 54.11, 54.12, 55.08, 55.09, 55.10, 55.11, 55.12, 5802.14, 5805.14, 5903.21, 5903.29, 5905.20, 5906.12	54.09, 54.10, 54.11, 54.12, 55.08, 55.09, 55.10, 55.11, 55.12, 5802.14, 5805.14, 5903.21, 5903.29, 5905.20, 5906.12
14.	Synthetic staple fibres and tow, including tops thereof	55.01	55.01
15.	Artificial staple fibres and tow, including tops thereof	55.02	55.02
16.	Yarn of synthetic staple fibres	55.04	55.04
17.	Yarn of artificial staple fibre, not containing synthetic staple fibre	55.05	55.05
18.	Yarn of artificial staple fibre containing synthetic staple fibre	55.06	55.06
19.	Felt, non-woven carpets and other textile floor coverings, including floor coverings of felt	56.02, 56.03, 57.02	56.02, 56.03, 57.02
20.	Narrow woven fabrics	5806.10	40.07, 52.03, 54.02, 54.03, 54.04, 54.05, 55.04, 55.05, 55.06