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TMI Blogexemption Benifit under notification 30/2004X X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, 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 t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o produce 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 Mo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nofilament 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Cenvat credit has 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. Comp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... any and firm having Common Directors as Partners has no effect on the excisability/dutiability. rakshit verma - exemption Benifit under notification 30/2004 - Query Started By: - HIMANSHU JARIWALA ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Dated:- 11-2-2012 Central Excise - Got 1 Reply - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmana ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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