Eligibililty for exemption as per notification 30/2004

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..... Eligibililty for exemption as per notification 30/2004
Query (Issue) Started By: - RAMESH ANANTHAKRISHNAN Dated:- 12-11-2009 Last Reply Date:- 2-12-2009 Central Excise
Got 2 Replies
Central .....

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..... Excise
We are producing Nylon Monofilament yarn as per CETH 54041990. We do not avail CENVAT credit on the input material and avail exemption for the payment of duty as per notification 30/2004. Ou .....

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..... r customers who are producing Fishnets. Fishnets are classified under 56081110. Excise duty as per the tariff 8% but effective rate as per the Notification 29/2004 is 4%. In this situation please let .....

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..... us know whether our customers are eligible for exemption as per notification 30/2004?. At present fishnet manufacturers are not paying any duty for fishnets. Is it correct? Reply By Mukesh Kumar: The .....

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..... Reply: You are concerned with the excise duty to be paid by your customers. So before, you should ask them what is the their understanding about the provisions. Whether they are falling under SSI exe .....

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..... mption or they are treating the product differently. Since it is a live issue, I request you put your detailed comments here for further brainstorming. Reply By RAMESH ANANTHAKRISHNAN: The Reply: Than .....

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..... ks Mr.Mukesh. I think most of the fishnet manufacturers avail SSI exemption. However I will check further.
Discussion Forum - Knowledge Sharing .....

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