Excise duty exemption for certain village-industry goods subject to KVIC certification and reversal of input credit by manufacturers. Directs that the whole of the duty of excise payable under section 3 on goods in Chapter 69 and headings 94.01-94.03 for the period 1 September 1987 to 28 February 1989 shall not be required to be paid where, in accordance with the prevailing practice, duty was not levied, provided the goods are genuine products of a village industry, were marketed by or with the assistance of the Khadi and Village Industries Commission, the manufacturer produces a Commission certificate verifying genuineness and marketing assistance, and the unit reverses any input credit claimed.
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Provisions expressly mentioned in the judgment/order text.
Excise duty exemption for certain village-industry goods subject to KVIC certification and reversal of input credit by manufacturers.
Directs that the whole of the duty of excise payable under section 3 on goods in Chapter 69 and headings 94.01-94.03 for the period 1 September 1987 to 28 February 1989 shall not be required to be paid where, in accordance with the prevailing practice, duty was not levied, provided the goods are genuine products of a village industry, were marketed by or with the assistance of the Khadi and Village Industries Commission, the manufacturer produces a Commission certificate verifying genuineness and marketing assistance, and the unit reverses any input credit claimed.
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