Excise exemption conditions updated: monthly cement clearances allowed subject to production thresholds and bond certification. The amendment requires concessional-duty cement to be manufactured from clinker produced within the same factory or another factory of the same manufacturer where clinker production commenced during the period, and permits monthly clearances at the concessional rate only if preceding-month production exceeds 2.5% of annual licensed capacity and a bond is furnished securing payment of the duty difference if annual production falls below 30% as certified by the Development Commissioner for Cement Industry.
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Provisions expressly mentioned in the judgment/order text.
Excise exemption conditions updated: monthly cement clearances allowed subject to production thresholds and bond certification.
The amendment requires concessional-duty cement to be manufactured from clinker produced within the same factory or another factory of the same manufacturer where clinker production commenced during the period, and permits monthly clearances at the concessional rate only if preceding-month production exceeds 2.5% of annual licensed capacity and a bond is furnished securing payment of the duty difference if annual production falls below 30% as certified by the Development Commissioner for Cement Industry.
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