Excise duty on processed textile fabrics establishes graded per-unit rates, a redetermination option, and disallows input credit. Per-unit excise duty for processed textile fabrics produced by independent processors using a hot-air stenter is set at graded rates for two periods and varies by the average value of the processed fabric; from 1 April 2000 processors may opt for redetermination of duty on actual production or file an annual declaration foregoing that option, with different rates for each choice. The number of stenter chambers and average value are determined under the Hot-air Stenter Independent Textile Processors Annual Capacity Determination Rules, 2000; duty is the aggregate levy under the Central Excise Act and Additional Duties Act apportioned 2:5, and independent processors cannot claim input or capital goods duty credit. The notification excludes composite mills and deems goods cleared from factories with an installed hot-air stenter to be manufactured with its aid.
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Provisions expressly mentioned in the judgment/order text.
Excise duty on processed textile fabrics establishes graded per-unit rates, a redetermination option, and disallows input credit.
Per-unit excise duty for processed textile fabrics produced by independent processors using a hot-air stenter is set at graded rates for two periods and varies by the average value of the processed fabric; from 1 April 2000 processors may opt for redetermination of duty on actual production or file an annual declaration foregoing that option, with different rates for each choice. The number of stenter chambers and average value are determined under the Hot-air Stenter Independent Textile Processors Annual Capacity Determination Rules, 2000; duty is the aggregate levy under the Central Excise Act and Additional Duties Act apportioned 2:5, and independent processors cannot claim input or capital goods duty credit. The notification excludes composite mills and deems goods cleared from factories with an installed hot-air stenter to be manufactured with its aid.
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