Excise duty calculation for independent textile processors: new plant and machinery additions excluded from original investment value. The amendment excludes the value of further investment in additional new plant and machinery from the calculation of the original value of investment for independent textile processors who had timely applied for the special payment procedure; increases in hot air stentor chambers or number of stentors remain relevant for duty computation, and the original value of any such further investment must be declared in the prescribed monthly return.
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Excise duty calculation for independent textile processors: new plant and machinery additions excluded from original investment value.
The amendment excludes the value of further investment in additional new plant and machinery from the calculation of the original value of investment for independent textile processors who had timely applied for the special payment procedure; increases in hot air stentor chambers or number of stentors remain relevant for duty computation, and the original value of any such further investment must be declared in the prescribed monthly return.
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