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of <h1>Excise Duty Clarified: 12% on Woven Fabrics by Composite Mills Using Duty-Paid Materials.</h1> The circular clarifies the excise duty applicable to woven textile fabrics manufactured by composite mills or manufacturers processing and weaving fabrics within the same factory. It states that such fabrics will attract an aggregate excise duty of 12% ad valorem if the textile fibres or yarns used are deemed duty-paid. This duty applies to fabrics manufactured in a continuous process from market-bought textile fibres or yarns. Unprocessed fabrics used internally are exempt from duty, provided processed fabrics fulfill duty conditions. The principal raw materials-textile fibres for composite mills and textile yarns for manufacturers-are considered duty-paid, negating the applicability of a previous Board's Circular.
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