Certain clarifications regarding excise duty structure on textile and textile articles

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..... ing certain doubts relating to the excise duty structure on textiles and textile articles announced during and after Budget 2003 announcements, the undersigned is directed to issue further clarifications on the subject as follows : Issue No. 1: In the above-referred Circular it was clarified that in case a number of manufacturers of fabrics and readymade garments and clothing accessories opera .....

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..... eturn for the previous month by the 10th of the subsequent month. As the budget proposals for 2003-04 pertaining to textiles have brought in a large number of new assesses who are not fully conversant with the excise procedures, many of such assessees did not pay the duty on their clearances during April, 2003 and also did not file the monthly return in time. Considering the circumstances, specifi .....

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..... ed the stock of the above mentioned items, for the reasons that they were not covered under rule 9A or notifications issued thereunder. Such manufacturers can file additional declaration declaring the stock of the above mentioned items and claim one time credit thereon provided such declaration is made within the date prescribed under rule 9A i.e. 26.5.2003. 2. This issues with the approval of C .....

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