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of <h1>Amendment to Notification No. 32/2001-CE modifies excise duty rules for textile processors with new machinery investments.</h1> The Central Government has amended Notification No. 32/2001-CE, dated June 28, 2001, concerning processed textile fabrics manufactured by independent processors. This amendment, issued under Notification No. 53/2001-CE on November 13, 2001, modifies excise duty provisions for factories existing as of May 1, 2001. It allows independent textile processors who have applied under rule 96ZNA by May 20, 2001, to exclude the value of investments in additional new plant and machinery from the original investment value for excise duty calculations. Additionally, any increase in the number of chambers or hot-air stentors due to new installations must be declared in the monthly return.
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