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of <h1>Ministry of Finance clarifies Chapter 39, Note 6: Converting plastic forms is manufacturing; excise duty credit applicable.</h1> The circular issued by the Ministry of Finance clarifies that under Chapter 39, Note 6 of the Central Excise Tariff Act, 1985, the term 'primary forms' includes powders and granules, and converting one primary form into another constitutes manufacturing. This means that excise duty on primary forms of plastics can be credited against duty on other forms manufactured from them. The classification of products will be determined by these provisions, but specific clarifications on individual commodities will be decided by the jurisdictional Collector or Assistant Collector based on relevant factors.
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