Deemed duty credit for processed textile inputs allowed only as non-refundable credit against excise on final textile products. Deemed duty credit is granted on specified processed textile fabric inputs and on identified final textile products at a fixed deemed rate per unit area, allowing the manufacturer of the final products to claim credit. The credit is bifurcated into excise and additional-duty components, each usable only against the corresponding duty on the final products and non-refundable. Eligibility requires direct receipt of inputs from the input manufacturer's factory under an invoice declaring that appropriate duty has been paid under the excise provisions.
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 duty credit for processed textile inputs allowed only as non-refundable credit against excise on final textile products.
Deemed duty credit is granted on specified processed textile fabric inputs and on identified final textile products at a fixed deemed rate per unit area, allowing the manufacturer of the final products to claim credit. The credit is bifurcated into excise and additional-duty components, each usable only against the corresponding duty on the final products and non-refundable. Eligibility requires direct receipt of inputs from the input manufacturer's factory under an invoice declaring that appropriate duty has been paid under the excise provisions.
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