Deemed excise duty credit for specified textile inputs permitted, usable only to offset corresponding excise liabilities on final products. Specified processed textile fabrics and goods under Chapter 59 are declared as inputs/final products for deemed excise duty credit where excise has been paid on the inputs; deemed duty is fixed per square metre and credit is allowed to the final product manufacturer. That credit must be used solely to discharge the corresponding central or additional excise liabilities on the final products and is not refundable. Entitlement requires direct receipt of inputs from the input manufacturer's factory accompanied by an invoice declaring excise paid.
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.
Deemed excise duty credit for specified textile inputs permitted, usable only to offset corresponding excise liabilities on final products.
Specified processed textile fabrics and goods under Chapter 59 are declared as inputs/final products for deemed excise duty credit where excise has been paid on the inputs; deemed duty is fixed per square metre and credit is allowed to the final product manufacturer. That credit must be used solely to discharge the corresponding central or additional excise liabilities on the final products and is not refundable. Entitlement requires direct receipt of inputs from the input manufacturer's factory accompanied by an invoice declaring excise paid.
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