Exemption for cotton fabrics processed without power limits duty-free clearance when aggregate clearances breach the exemption threshold. Cotton fabrics processed without the aid of power or steam are exempted from rule 174 by virtue of rule 174A where they are already exempt under a rule 8 notification, but the exemption does not apply if aggregate clearances by a manufacturer or from a factory exceed the applicable exemption limit in the preceding or current financial year. Claimants must submit the prescribed declaration and annual undertaking, provide specified factory and production particulars, and undertake to apply for a Central Excise Licence upon reaching the exemption threshold, maintain prescribed records and procedures, and notify any changes.
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.
Exemption for cotton fabrics processed without power limits duty-free clearance when aggregate clearances breach the exemption threshold.
Cotton fabrics processed without the aid of power or steam are exempted from rule 174 by virtue of rule 174A where they are already exempt under a rule 8 notification, but the exemption does not apply if aggregate clearances by a manufacturer or from a factory exceed the applicable exemption limit in the preceding or current financial year. Claimants must submit the prescribed declaration and annual undertaking, provide specified factory and production particulars, and undertake to apply for a Central Excise Licence upon reaching the exemption threshold, maintain prescribed records and procedures, and notify any changes.
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