Modvat credit of duty paid on yarn and fibres on a deemed basis - Amendment to Notification No. 29/96-C.E. (N.T.)

Modvat credit of duty paid on yarn and fibres on a deemed basis - Amendment to Notification No. 29/96-C.E. (N.T.) https://www.taxtmi.com/notifications?id=17594 The amendment inserts paragraphs 7B and 7C into Notification No.29/96-C.E. (N.T.). Paragraph 7B excludes Modvat credit provisions for an independent processor - a fabric processor with powered heat setting (hot air stenter) and no proprietary interest in spinning or weaving - for final products under specified textile tariff headings, effective 16 December 1998. Paragraph 7C preserves application of the notification to such final products if manufactured or produced prior to 16 December 1998 but cleared on or after that date. en-us Thu, 10 Dec 1998 00:00:00 +0530 Mon, 27 Jul 2009 09:33:00 +0530 TaxTMI RSS Generator Modvat credit of duty paid on yarn and fibres on a deemed basis - Amendment to Notification No. 29/96-C.E. (N.T.) https://www.taxtmi.com/notifications?id=17594 The amendment inserts paragraphs 7B and 7C into Notification No.29/96-C.E. (N.T.). Paragraph 7B excludes Modvat credit provisions for an independent processor - a fabric processor with powered heat setting (hot air stenter) and no proprietary interest in spinning or weaving - for final products under specified textile tariff headings, effective 16 December 1998. Paragraph 7C preserves application of the notification to such final products if manufactured or produced prior to 16 December 1998 but cleared on or after that date. Notifications Central Excise Thu, 10 Dec 1998 00:00:00 +0530 https://www.taxtmi.com/notifications?id=17594