Input credit restriction with transitional allowance for eligible inputs received from designated zones before the cutoff date. Amendments to Notifications 5/94 and 24/94 limit credit entitlement for specified final products to ninety five per cent. of duty or credit, substitute corresponding text in the schedules and provisos, and provide a transitional allowance permitting full credit for specified inputs received in manufacturers' factories or produced in FTZs, EOUs, EHTPs or STPs and received in India on or before 1st June 1998. Notification 24/94 also revises a fabric description. Notification 29/96 adds inputs and final products entries, revises exclusionary paragraph 4, expands the composite mill definition, and clarifies the scope of exclusions.
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Provisions expressly mentioned in the judgment/order text.
Input credit restriction with transitional allowance for eligible inputs received from designated zones before the cutoff date.
Amendments to Notifications 5/94 and 24/94 limit credit entitlement for specified final products to ninety five per cent. of duty or credit, substitute corresponding text in the schedules and provisos, and provide a transitional allowance permitting full credit for specified inputs received in manufacturers' factories or produced in FTZs, EOUs, EHTPs or STPs and received in India on or before 1st June 1998. Notification 24/94 also revises a fabric description. Notification 29/96 adds inputs and final products entries, revises exclusionary paragraph 4, expands the composite mill definition, and clarifies the scope of exclusions.
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