Excise duty exemptions for textile goods: prescribed effective duty rates tied to material and power intensive manufacture. The central exemption prescribes fixed effective duty rates for Chapter 58 textile goods, differentiating categories by material and whether manufacture ordinarily uses power or steam. Specific entries set Nil rates for many wool, cotton and man made material products, reduced ad valorem rates for jute, and higher ad valorem rates for other processed materials; narrow woven elastomeric fabrics and certain processed or other material items are charged an ad valorem rate. Applicability is conditioned on whether Modvat credit under rule 57A has been availed and on the power intensity of the manufacturing process.
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.
Excise duty exemptions for textile goods: prescribed effective duty rates tied to material and power intensive manufacture.
The central exemption prescribes fixed effective duty rates for Chapter 58 textile goods, differentiating categories by material and whether manufacture ordinarily uses power or steam. Specific entries set Nil rates for many wool, cotton and man made material products, reduced ad valorem rates for jute, and higher ad valorem rates for other processed materials; narrow woven elastomeric fabrics and certain processed or other material items are charged an ad valorem rate. Applicability is conditioned on whether Modvat credit under rule 57A has been availed and on the power intensity of the manufacturing process.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
