Notification 34,35,36 dt 17.7.2015

[Guest]

Dear sirI deal in recycled polyester fibre made from waste of plastic bottles and yarn made from them. Please guide me as to what is the affect of above mentioned notifications on my business.

[CSSANJAY MALHOTRA]

Dear Varun,

No Impact in your case as Polyester fibers are chargeable to duty and Yarn made from them qualifies for Duty exemption as per Notification No. 34/2015-CE dated 17.07.2015.

AI Summary

Duty exemption for recycled polyester yarn applies while polyester fibre remains dutiable under recent excise notification. Recycled polyester fibre produced from plastic bottle waste is chargeable to central excise duty, whereas yarn manufactured from that recycled polyester qualifies for duty exemption under the excise notification issued on 17 July 2015, so yarn manufacturers are relieved from duty while the fibre remains dutiable.