Classificatory amendment so as to provide that exemption from excise duty under Sl.No.193 and 194 of Notification no.5/98 is available to goods of precious metals such as catalysts, falling under chapter 71when re-made out of used or spent catalysts of such precious metals, etc.

Classificatory amendment so as to provide that exemption from excise duty under Sl.No.193 and 194 of Notification no.5/98 is available to goods of precious metals such as catalysts, falling under chapter 71when re-made out of used or spent catalysts of such precious metals, etc. https://www.taxtmi.com/circulars?id=241 The circular clarifies that the exemption from excise duty for articles and unfinished or semi-finished forms of precious metals under Chapter 71 is unconditional and applies irrespective of whether those goods are manufactured first time or re-made, re-conditioned, refabricated or recovered from used or spent catalysts, and therefore such goods should not be charged duty under the separate manufacture entry for added material or processing. en-us Thu, 19 Nov 1998 00:00:00 +0530 Mon, 22 Sep 2008 18:17:00 +0530 TaxTMI RSS Generator Classificatory amendment so as to provide that exemption from excise duty under Sl.No.193 and 194 of Notification no.5/98 is available to goods of precious metals such as catalysts, falling under chapter 71when re-made out of used or spent catalysts of such precious metals, etc. https://www.taxtmi.com/circulars?id=241 The circular clarifies that the exemption from excise duty for articles and unfinished or semi-finished forms of precious metals under Chapter 71 is unconditional and applies irrespective of whether those goods are manufactured first time or re-made, re-conditioned, refabricated or recovered from used or spent catalysts, and therefore such goods should not be charged duty under the separate manufacture entry for added material or processing. Circulars Central Excise Thu, 19 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/circulars?id=241