Central Excise Rules - Fourteenth Amendment of 1998

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..... e 16th day of December, 1998. 2. In the Central Excise Rules, 1944 after rule 96ZP the following shall be inserted namely : - "E. XIA. - Processed Textile Fabrics 96ZQ. Procedure to be followed by the independent processor of textile fabrics. - (1) An independent processor of textile fabrics falling under heading Nos. 52.07, 52.08, 52.09, 54.06, 54.07, 55.11, 55.12, 55.13 and 55.14 of the Schedule to Central Excise Tariff Act, 1985 (5 of 1986), shall debit an amount of duty of Rs. 1.5 lakhs per chamber per month or Rs. 2 lakhs per chamber per month, as the case may be, on the annual capacity of production as determined under the Hot Air Stenter Independent Textile Processors Annual Capacity Determination Rules, 1998. (2) T .....

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..... ts of that sub-rule or sub-rule (2) or sub-rule (3), then all such goods shall be liable to confiscation and the independent processor shall be liable to a penalty equal to an amount not exceeding three times the value of such goods, or rupees five thousand, whichever is greater. (7) Where an independent processor does not produce or manufacture the processed fabrics specified in sub-rule (1) during any continuous period of not less than seven days and wishes to claim abatement under sub-section (3) of section 3A of the Central Excise Act, 1944 (1 of 1944), the abatement will be allowed by an order passed by the Commissioner of Central Excise of such amount as may be specified in such order, subject to the fulfilment of the following cond .....

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..... hours on.......... (date) to.......... hours on........... (date) and get the seal opened in such manner as may be prescribed by the Commissioner of Central Excise before recommencing the production. Explanation I. - For the purposes of this notification, an "independent processor" means a manufacturer who is engaged exclusively in the processing of fabrics with the aid of power and who also has the facility in his factory (including plant and equipment) for carrying out heat-setting with the aid of power or steam in a hot-air stenter and who has no proprietory interest in any factory engaged in the spinning of yarn or weaving of fabrics.". - Notification Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia .....

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