Composite mill definition revised, inputs eligibility retroactively adjusted and a related procedural rule omitted by amendment. The amendment substitutes rule 57H(1) to limit the inputs reference to those used in the manufacture of fabrics by a composite mill, revises clause (b) to treat inputs lying in stock or received in the factory on or before the commencement date (and inputs contained in intermediate goods in stock on that date) as eligible for credit when final products are cleared on or after that date provided no credit has been taken under another rule or notification, inserts an Explanation defining composite mill, and omits rule 96D.
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Composite mill definition revised, inputs eligibility retroactively adjusted and a related procedural rule omitted by amendment.
The amendment substitutes rule 57H(1) to limit the inputs reference to those used in the manufacture of fabrics by a composite mill, revises clause (b) to treat inputs lying in stock or received in the factory on or before the commencement date (and inputs contained in intermediate goods in stock on that date) as eligible for credit when final products are cleared on or after that date provided no credit has been taken under another rule or notification, inserts an Explanation defining composite mill, and omits rule 96D.
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