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TMI BlogClarification on the availability of the exemption under notification Nos. 83/94 and 84/94 both dated 11.4.94, in view of the amendments made by the Finance Bill 2003-04X X X X Extracts X X X X X X X X Extracts X X X X ..... w of the amendments made by the Finance Bill 2003-04 I am directed to state that certain doubts have been raised by manufacturers of Bicycle Tube Valve (sub-heading Nos. 8481.20 8481.92) and Bicycle Spoke Nipples (heading No. 87.14),which are fully exempt under notification No. 10/2003-Central Excise, dated 01.03.2003, regarding admissibility of the exemption under notification Nos. 83/94-CE ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ). that the specified goods received from the job-workers shall be used in the factory of such supplier in or in relation to the manufacture of specified goods which are exempted from the whole of the duty of excise leviable thereon under the aforesaid notifications (i.e. SSI notification Nos. 8/2003-CE and 9/2003-CE both dated 01.03.2003) or goods falling heading Nos. 74.17, 84.36, 84.37, 87.14 o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ions, or goods falling under sub-heading Nos. 8481.20, 8481.92 or heading No. 87.14. Since the waste and scrap, generated at the end of the principal manufacturer, during the course of the aforesaid final products (i.e. the goods falling under sub-heading Nos. 8481.20, 8481.92 or heading No. 87.14), though exempt under the Notification No. 10/2003-CE, is neither exempt under the said SSI notificat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ortionate to the weight of the quantity of waste and scrap generated) have not been used in the manufacture of such specified final products. The percentage of waste generation is not relevant for deciding the admissibility of these exemption notifications, so long as the castings are used for manufacture of the specified final products. F No.332/6/2003-TRU - Circular - Trade Notice - Public No ..... X X X X Extracts X X X X X X X X Extracts X X X X
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