Proportionate Cenvat credit remains available to specified Chapter 55 textile headings despite omission from notification; circular clarifies applicability. The circular clarifies that omission of certain Chapter 55 textile headings from Notification No.29/2004 CE does not affect the availability of proportionate Cenvat credit; those goods continued to attract the same excise duty via the tariff/statutory rate, and the benefit of proportionate credit under Circular No.845/03/2006 CX remains available to the specified headings.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Proportionate Cenvat credit remains available to specified Chapter 55 textile headings despite omission from notification; circular clarifies applicability.
The circular clarifies that omission of certain Chapter 55 textile headings from Notification No.29/2004 CE does not affect the availability of proportionate Cenvat credit; those goods continued to attract the same excise duty via the tariff/statutory rate, and the benefit of proportionate credit under Circular No.845/03/2006 CX remains available to the specified headings.
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