Excise duty exemptions for textiles clarified: factory identity, invoice endorsement, and resale recordkeeping permitted in transit. Clarification holds that where independent legal entities operate separate machines within shared premises, each entity's machines constitute a separate factory for exemption eligibility and their clearances must not be aggregated. A photocopy of endorsed original input invoices suffices where the exempted manufacturer has transferred the originals. Traders endorsing purchase documents need not bring goods to registered premises before resale, but registered dealers must maintain accounts of purchases, sales, stock and input credit passed on.
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Excise duty exemptions for textiles clarified: factory identity, invoice endorsement, and resale recordkeeping permitted in transit.
Clarification holds that where independent legal entities operate separate machines within shared premises, each entity's machines constitute a separate factory for exemption eligibility and their clearances must not be aggregated. A photocopy of endorsed original input invoices suffices where the exempted manufacturer has transferred the originals. Traders endorsing purchase documents need not bring goods to registered premises before resale, but registered dealers must maintain accounts of purchases, sales, stock and input credit passed on.
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