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of <h1>Cenvat Credit Still Applicable for Textile Products in Chapter 55 Despite Notification Omission, Says Circular No. 845/03/2006-CX.</h1> The circular addresses the applicability of Circular No. 845/03/2006-CX on textile products under Chapter 55, specifically headings 5508 to 5514. It clarifies that despite the omission of these headings in Notification No. 29/2004-CE due to tariff adjustments, the benefit of proportionate Cenvat credit remains applicable. Initially, textile goods had concessional excise duties of 4% and 8%, which were adjusted over time. The omission in the notification does not affect Cenvat credit availability, as the effective and tariff rates align at 10%. The circular advises informing trade and industry about this clarification.
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