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TMI BlogCertain clarification regarding excise duty structure on textile and textile articles:X X X X Extracts X X X X X X X X Extracts X X X X ..... textile and textile articles announced during and after Budget 2003, announcements. The issues and clarification thereon, are as under,- Issue No.1 : Vide notification Nos. 34 and 35/2003-CE, both dated 30th April, 2003, exemptions have been given to fabrics and readymade garments and clothing accessories, upto specified clearance values. These exemptions are applicable to manufacturers havin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... larified that in such cases, the entire premises having several manufacturers undertaking individual manufacturing activity should not be treated as a single factory. There may not be any physical separation between the different units but the fact that the machines/looms belong to different individuals/legal entities who carry out manufacturing activities unrelated to each other, gives them a dis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of their inputs i.e. yarns or fabrics. Under notification No.25/2003-CE (NT) dated 25.3.2003 as amended by notification No.28/2003-CE (NT) dated 1.4.2003, it has been provided that textile manufacturers fully exempted can endorse, in full, their input documents in favour of any other manufacturer, producer, first or second stage dealer. This facility is also available to the powerlooms or garment ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... endorse in full, their purchase documents in favour of a manufacturer, producer or another dealer without obtaining registration. However, in case the quantity purchased under one invoice is to be sold in parts (to different persons), such a trader has to obtain dealer's registration. It has been reported that in certain cases the field formations insist upon bringing such purchased goods by the t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ods purchased, sold or have under stock. He is also required to maintain the accounts regarding the credit on the goods received by him and the credit that has been passed on to the subsequent buyer. F.No.B3/5/2003-TRU (Please refer Cir. No. 714/30/2003-CX, Dt. 14/05/2003 - Doubts relating to the Excise Duty Structure on textiles and textiles articles) - Circular - Trade Notice - Public Not ..... X X X X Extracts X X X X X X X X Extracts X X X X
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