CE Rule 57AK - Credit of Duty on Processed Textile Fabrics
NOTIFICATION NO. 30/2000-CE(N.T.)
DATED 31/03/2000
In exercise of the powers conferred by rule 57AK of the Central Excise Rules, 1944, the Central government hereby declares the following inputs and the final products failing within the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), namely :-
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Inputs |
Final products |
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Processed textile fabrics falling under Chapters 52, 54 or 55, or processed textile fabrics of cotton or man-made fibres falling under heading Nos. or sub-heading Nos. 58.01, 58.02, 5806.10, 5806.40, 6001.12, 6001.22, 6001.92, 6002.20, 6002.30, 6002.43 or 6002.93, of the said First Schedule and on which duty of excise has been paid under section 3A of the Central Excise Act, 1944 (1 of 1944) |
All goods falling under Chapter 59 of the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986). |
2. The Central Government further declares that the duties of excise under the Central Excise Act,1944 (1 of 1944) and the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957), shall be deemed to have been paid (hereinafter referred to as deemed duty) on the inputs declared herein and the same shall be one rupee each per square meter of such inputs, and credit of the deemed duty so determined shall be allowed to the manufacturer of the final products.
3. (1) The credit of deemed duty allowed in respect of the duty of excise under the said Central Excise Act shall be utilised only towards payment of the duty of excise leviable under the said Central Excise Act on the final products, and no part of the credit allowed shall he refunded in cash or by cheque.
(2) The credit of deemed duty allowed in respect of the duty of excise under the said Additional Duties of Excise (Goods of Special Importance) Act, shall be utilised only towards payment of the duty of excise leviable under the said Additional Duties of Excise (Goods of Special Importance) Act on the final products, and no part of the credit allowed shall be refunded in cash or by cheque.
4. The provisions of this notification shall apply only to those inputs which have been received directly by the manufacturer of the final products from the factory of the manufacturer of the said inputs under the cover of an invoice declaring that the appropriate duty of excise has been paid on such inputs under the provisions of section 3A of the said Central Excise Act.
5. This notification shall come into effect on and from the I st of April, 2000.
F.No. B-4/4/2000-TRU
9911796707
