Twisted Yarn Mfd. by Independent Units – Operationalisation of Excise Exemption Scheme

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... garding. Notification No.66/2003-CE has been issued on 07.08.2003. This notification seeks to prescribe a duty on twisted (including crepe) yarn, which is equal to the duties of excise (or the additional duties of customs in case of imported filament yarn) paid on the inputs i.e. base filament yarns. In other words, the credit of the duties paid on the inputs would be sufficient to meet the duty .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ies paid on the input that have gone into its manufacture. While no standardized format for maintenance of record is being prescribed, it is requested that the jurisdictional commissioners may discuss the same with the concerned trade/trade associations to work out the modalities which should be simple and acceptable to trade while being transparent enough for audit verifications. F. No. 356/30/2 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X