https://www.taxtmi.com/circulars?id=541 Notification No.66/2003-CE allows excise duty on twisted (including crepe) yarn manufactured by independent twisters to be discharged by input duty credits equal to duties paid on base filament yarns, provided the twister performs no other processes and inputs are procured from outside having borne appropriate duty; payment of nil duty is not adequate. Independent twisters must maintain input and finished goods accounts to ascertain duty liability for each consignment, and commissioners should consult trade to establish simple, auditable record-keeping modalities. en-us Thu, 07 Aug 2003 00:00:00 +0530 Wed, 24 Sep 2008 12:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=541 Notification No.66/2003-CE allows excise duty on twisted (including crepe) yarn manufactured by independent twisters to be discharged by input duty credits equal to duties paid on base filament yarns, provided the twister performs no other processes and inputs are procured from outside having borne appropriate duty; payment of nil duty is not adequate. Independent twisters must maintain input and finished goods accounts to ascertain duty liability for each consignment, and commissioners should consult trade to establish simple, auditable record-keeping modalities. Circulars Central Excise Thu, 07 Aug 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=541