Excise duty specification for processed textile fabrics sets per chamber duty rates and disallows input tax credit. The notification prescribes excise duty on processed textile fabrics produced by an independent processor using a hot air stenter, fixing per chamber duty rates determined by the number of stenter chambers and the average value of processed fabric as set out under the Hot Air Stenter Independent Textile Processors Annual Capacity Determination Rules, 1998. The duty collected is the aggregate of Central Excise and Additional Duties, apportioned in a specified ratio; the Commissioner may re determine production and duty, independent processors cannot claim input or capital goods credit, and specified temporal and composite mill exceptions apply.
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Excise duty specification for processed textile fabrics sets per chamber duty rates and disallows input tax credit.
The notification prescribes excise duty on processed textile fabrics produced by an independent processor using a hot air stenter, fixing per chamber duty rates determined by the number of stenter chambers and the average value of processed fabric as set out under the Hot Air Stenter Independent Textile Processors Annual Capacity Determination Rules, 1998. The duty collected is the aggregate of Central Excise and Additional Duties, apportioned in a specified ratio; the Commissioner may re determine production and duty, independent processors cannot claim input or capital goods credit, and specified temporal and composite mill exceptions apply.
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