Whether GSI Act 1957 and Textile and article of textile act 1978 could be applicable simultaneously on same product
G GOSWAMI
We are manufacturer of synthetic wire cloth/fabric of chapter 59 whose alleged intermediateproductos wooven fabric of chapter 54,My request to opine that the whether the said two act of 1957 and 1978 could be applicable on this product simultaneously for raising demand by central excise authority. Regards. G.Goswami
Clarification on Simultaneous Application of GSI Act 1957 and Textile Act 1978 for Synthetic Fabric Excise Duty The discussion revolves around whether the GSI Act 1957 and the Textile and Articles of Textile Act 1978 can be applied simultaneously to synthetic wire cloth/fabric products for excise duty purposes. G. Goswami initiates the query, seeking clarification on the applicability of these acts and the availability of Cenvat credit. Kasturi Sethi responds, explaining that both duties were applicable until exempted in 2004 and provides details on the Cenvat credit provisions. Other participants, including Yagay and Sun, express appreciation for Sethi's expertise. The discussion includes historical references to notifications affecting excise duties and credits. (AI Summary)