Captive consumption: redefined inputs exclude machinery and certain packaging, narrowing scope of exemption. The amendment revises the definition of inputs for the captive consumption exemption: excluding machinery and plant used in production or processing; excluding packaging materials for which an exemption equal to excise duty is availed for packaging final products; and excluding packaging materials or containers whose cost is not included in the assessable value of final products under the Central Excises and Salt Act. The Schedule to the principal notification is also substituted to list specific prior notifications and entries retained for the exemption framework.
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Captive consumption: redefined inputs exclude machinery and certain packaging, narrowing scope of exemption.
The amendment revises the definition of inputs for the captive consumption exemption: excluding machinery and plant used in production or processing; excluding packaging materials for which an exemption equal to excise duty is availed for packaging final products; and excluding packaging materials or containers whose cost is not included in the assessable value of final products under the Central Excises and Salt Act. The Schedule to the principal notification is also substituted to list specific prior notifications and entries retained for the exemption framework.
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