exemption Benifit under notification 30/2004

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..... exemption Benifit under notification 30/2004
Query (Issue) Started By: - HIMANSHU JARIWALA Dated:- 11-2-2012 Last Reply Date:- 14-2-2012 Central Excise
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Central Excise
Dear Sir .....

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..... , Company XYZ Pvt. Ltd. Manufacturing Fully Drawn Yarn from chips which is excisable and further process FDY to produce Monofilament yarn which is also exisable because copany has facility to produce .....

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..... FDY as per Notification No. 30/2004-CE. Now If another firm purchase FDY from XYZ Pvt. Ltd. and produce Mono Filament Yarn then also excise is applicable to other firm on productuion of Monofilament .....

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..... Yarn? The Pvt. ltd. Company and firm has Common Directors as Partners. Reply By rakshit verma: The Reply: Notification No. 30/04 allows exemption from payment of excise duty, if no Cenvat credit has .....

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..... been taken on the inputs.As such, aonther firm who has purchased the material from M/s XYZ to manufacture Mono filament Yarn is also not liable to any excise duty. The Pvt. ltd. Company and firm havi .....

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..... ng Common Directors as Partners has no effect on the excisability/dutiability. rakshit verma
Discussion Forum - Knowledge Sharing .....

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