https://www.taxtmi.com/notifications?id=953 A new sub-rule allows first and second stage dealers exclusively dealing in specified tariff chapters to elect to remove goods on payment of an amount equal to the excise duty leviable; the option is irrevocable for the financial year, dealers may use existing CENVAT credits to pay that amount, and such payments qualify as CENVAT credit. The amendment also broadens rule 9A wording from "yarn and unprocessed fabrics" to "yarn or fabrics" and substitutes a later compliance date for a transitional provision. en-us Thu, 10 Apr 2003 00:00:00 +0530 Wed, 12 Nov 2008 17:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=953 A new sub-rule allows first and second stage dealers exclusively dealing in specified tariff chapters to elect to remove goods on payment of an amount equal to the excise duty leviable; the option is irrevocable for the financial year, dealers may use existing CENVAT credits to pay that amount, and such payments qualify as CENVAT credit. The amendment also broadens rule 9A wording from "yarn and unprocessed fabrics" to "yarn or fabrics" and substitutes a later compliance date for a transitional provision. Notifications Central Excise Thu, 10 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/notifications?id=953