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of <h1>Textile Dealers Get Cenvat Credit Options; Independent Weavers Can Authorize Agents; Stock Declaration Extended to April 15, 2003.</h1> Notification Nos. 33, 34, and 35/2003-C.E. (N.T.), dated April 10, 2003, introduce changes to the Central Excise Rules, 2003, and the Cenvat Credit Rules, 2003, affecting the textile sector. Registered textile dealers can now opt to take credit on purchases and use it to pay duty on sales. Independent weavers can authorize agents to manage accounts and duties. The deadline for stock declarations is extended to April 15, 2003. Traders can claim actual credit on processed fabric stock as of March 31, 2003, and the rates for one-time credit on inputs in stock have been specified under Rule 9A of the CENVAT Credit.
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