9911796707
TMI BlogThis notification fixes the rate of deemed Cenvat credit in case of goods falling under Chapters 51 to 60 of the First Schedule to the Central Excise Tariff Act, 1985X X X X Extracts X X X X X X X X Extracts X X X X ..... nment, 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), as specified in the Table below, namely:- Table 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, 56.04, 56.05 or 56.06 of the said First Schedule. The following goods manufactured by a composite mill, namely:- (i) Processed fabrics falling under Chapters 52 (except sub-he ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... omposite 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 deemed to have been paid on the declared inputs and the same, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the duty of 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 declared inputs, at the time of clearance of the said final products. 3. The credit of declared duty allowed in respect of the declared inputs shall be utilized towards payment of duty of excise or the additional duty of e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ule 4 of that rules. 5. The provisions of this notification shall not apply to a manufacturer who avails of the special procedure for payment of excise duty under rule 15 of the Central Excise (No. 2) Rules, 2001 and pays the specified amount of duty in accordance with a notification issued thereunder. 6. In respect of a composite mill, 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 of the CENVAT credit Rules, 2001 or notification issued thereunder. Explanation. - It is clarified that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... knitting or crocheting of fabrics within the same factory and includes a multi-locational composite mill, i.e., a public limited company which is engaged in the processing of fabrics with the aid of power along with the spinning of yarn from fibres and weaving or knitting or crocheting of fabrics in one or more factories owned by the same public limited company. Explanation 3.- For the removal of doubt it is clarified that the provisions of this notification shall not apply where processed fabric itself is used as an input for further processing. Explanation 4.- For the removal of doubt it is clarified that the provisions of paragraph 4 shall not apply to a manufacturer who avails of any credit, under rule 3 of the CENVAT Credit Rul ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
