New dutyable product and exempted RM

[Narendra Soni]

Dear Expert,

We are DTA unit,desired to produce new product(dutiable),kindly suggest products which consumes non excisable Raw Material, so that accumulation of cenvat can be avoided.

What is about diamond and Jewellery.

[KASTURI SETHI]

Situation has changed in the new Budget, 2016.

AI Summary

DTA Unit Seeks Guidance on Producing Dutiable Products with Non-Excisable Materials After 2016 Budget Changes A DTA unit inquired about producing a new dutiable product using non-excisable raw materials to avoid accumulating CENVAT. They specifically asked about the implications for diamond and jewelry. An expert responded, noting that the situation had changed due to the new Budget of 2016, implying that the regulations or conditions affecting the production and taxation of such products might have been updated.