Rule 56A credit extended to specified fibres and yarns where duty on listed raw materials is allowed as input tax credit. Extends the Rule 56A facility to permit credit of excise duty or additional duty already paid on specified raw materials and component parts against specified finished polyester, artificial and acrylic fibres and filament yarns, identifying the relevant tariff headings and the listed raw materials whose duties shall be allowed as credit under sub rule (2) of Rule 56A.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Rule 56A credit extended to specified fibres and yarns where duty on listed raw materials is allowed as input tax credit.
Extends the Rule 56A facility to permit credit of excise duty or additional duty already paid on specified raw materials and component parts against specified finished polyester, artificial and acrylic fibres and filament yarns, identifying the relevant tariff headings and the listed raw materials whose duties shall be allowed as credit under sub rule (2) of Rule 56A.
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