9911796707
TMI BlogThis notification seeks to prescribe rate of deemed credit in respect of independent textile processors and composite millsX X X X Extracts X X X X X X X X Extracts X X X X ..... tral Excise (N.T.), dated the 31 st March, 2000 , published in the Gazette of India vide number G.S.R. 299 (E), dated the 31st March, 2000, except as respects things done or omitted to be done before such supersession, the Central Government, hereby declares the following inputs (hereinafter referred to as the "declared inputs") and final products falling within the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) (hereinafter referred to as the said First Schedule), namely:- S.No. Inputs Final products (1) Goods falling within heading No. 51.05, 51.06, 51.07, 52.05, 52.06, 53.06, 53.07, 53.08, 54.02, 54.03, 54.04, 54.05, 55.01, 55.02, 55.03, 55.04, 55.05, 55.06, 55.07, 55.09, 55.10 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng within heading Nos. 52.05 or 52.06 of the said First Schedule The following goods manufactured by a manufacturer other than a composite mill, namely:- (a) Gauze falling under heading No. 58.03 of the said First Schedule; (b) Book binding cloth falling under sub-heading No. 5901.10 of the said First Schedule. 2. The Central Government further declares that, - (i) the duty of excise under the Central Excise Act, 1944 (1 of 1944); (ii) the additional duty under section 3 of the Customs Tariff Act, 1975 (51 of 1975); or (iii) the additional duty of excise under section 3 of the Additional Duties of Excise (Textiles and Textile Articles) Act, 1978 (40 of 1978), (hereinafter referred to as the declared duty) shall be de ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... excise leviable under the Central Excise Act, 1944 (1 of 1944) and the additional duty of excise leviable under the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957) read with any notification for the time being in force, on the final products other than those specified in sub-clause (a), and credit of the declared duty so deemed to have been paid shall be allowed to the manufacturer of the final products, without production of documents evidencing payment of duty on the said inputs, at the time of clearance of the said final products: 3. The credit of declared duty allowed in respect of the said inputs shall be utilized towards payment of duty of excise or the additional duty of excise leviable under the s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the provisions of this notification shall apply only to processed fabrics manufactured from unprocessed fabrics not woven in the same composite mill, subject to the condition that no credit has been taken in respect of the declared inputs contained in such unprocessed fabrics under any other rule or notification. Explanation. - It is clarified that the CENVAT credit in respect of capital goods, under rule 57AB of the Central Excise Rules, 1944, shall be allowed to the said composite mill subject to the conditions as specified under rule 57AC of the said rules. 6. The provisions of this notification shall not apply to final products on which duty of excise leviable under the Central Excise Act, 1944 (1 of 1944), or as the case may be, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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