Credit of duty for inputs used in manufacture of excisable goods permits set off against excise liability. Insertion of a new clause establishes a statutory entitlement to credit of duty on goods used in, or in relation to, the manufacture of excisable goods, permitting duty paid or deemed paid on input goods to be credited against excise liability arising in the production of excisable articles.
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Credit of duty for inputs used in manufacture of excisable goods permits set off against excise liability.
Insertion of a new clause establishes a statutory entitlement to credit of duty on goods used in, or in relation to, the manufacture of excisable goods, permitting duty paid or deemed paid on input goods to be credited against excise liability arising in the production of excisable articles.
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