Excise exemption for specified textile fabrics: conditional duty relief for first clearances subject to annual aggregation rules and compliance. The notification exempts specified unprocessed and minimally processed textile fabrics and certain yarn clearances for home consumption from central excise duty up to prescribed aggregate values, subject to aggregation across factories and manufacturers, duty payment if aggregate thresholds are exceeded, retention of yarn purchase records, an option to forgo the exemption for a financial year by paying normal duty, and exclusion of job work clearances from aggregation unless the goods are not returned.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Excise exemption for specified textile fabrics: conditional duty relief for first clearances subject to annual aggregation rules and compliance.
The notification exempts specified unprocessed and minimally processed textile fabrics and certain yarn clearances for home consumption from central excise duty up to prescribed aggregate values, subject to aggregation across factories and manufacturers, duty payment if aggregate thresholds are exceeded, retention of yarn purchase records, an option to forgo the exemption for a financial year by paying normal duty, and exclusion of job work clearances from aggregation unless the goods are not returned.
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