Clarification on Excise Notification No. 34/2015, 35/2015 & 36/2015 all Dtd. 17.07.2015

[Tejas Shah]

Sir,

CBEC has issued Excise Notification No. 34/2015, 35/2015 & 36/2015 all Dtd. 17.07.2015 vide which finished goods have been exempted subject to duty has been paid on inputs and no credit of such excise duty has been taken by the manufacture. Noti. No. 34/2015 amend Noti. No. 30/2004, Noti. No. 35/2015 amend Noti. No. 01/2011, Noti. No. 36/2015 amend Noti. No. 12/2012.

As per new notification, all textile articles mentioned in Noti. No. 30/2004 & 01/2011 are exempted subject to duty has been paid on inputs and no credit has been taken.

For textile fabrics/articles, Tex. Yarn is inputs.

At present Texturised Yarn manufacturer simultaneously avail option to manufacture exciseable and non-exciseable goods. Excisable at the tariff rate of duty & exempted under Noti. No. 30/2004,

Now, please clarify how textile fabrics/articles manufacture comply with the Noti. No. 34/2015, 35/2015 and whether Tex.Yarn manufacturers have compulsory registered them self with excise and have to issue excise invoice or otherwise. Pls. advice. - Tejas Shah 09712772601 - [email protected]

AI Summary

Excise Notifications 34/2015 to 36/2015: Exemptions for Finished Goods Raise Compliance Questions Among Manufacturers and Consultants. The forum discusses the implications of Excise Notifications No. 34/2015, 35/2015, and 36/2015, issued on July 17, 2015, which exempt finished goods from excise duty if duty is paid on inputs and no credit is taken by the manufacturer. The notifications amend previous ones affecting textile articles and yarn. Participants, including manufacturers and consultants, seek clarification on compliance requirements, registration, and invoicing under the new rules. The complexity and potential for litigation due to unclear wording are noted, with expectations of further clarification from the Central Board of Excise and Customs (CBEC). The discussion references a Supreme Court judgment related to SRF Limited.