https://www.taxtmi.com/forum/issue?id=3809 Notification exemption under Notification No. 30/2004 exempts payment of excise duty on subsequent production where no Cenvat credit has been taken on inputs; accordingly, a purchaser-manufacturer who buys FDY and produces monofilament yarn is not liable for excise on that production provided the condition of no Cenvat credit on inputs is satisfied, and common directorship between supplier and purchaser does not alter the exemption's applicability. en-us Sat, 11 Feb 2012 18:04:44 +0530 Thu, 23 Jan 2025 15:58:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3809 Notification exemption under Notification No. 30/2004 exempts payment of excise duty on subsequent production where no Cenvat credit has been taken on inputs; accordingly, a purchaser-manufacturer who buys FDY and produces monofilament yarn is not liable for excise on that production provided the condition of no Cenvat credit on inputs is satisfied, and common directorship between supplier and purchaser does not alter the exemption's applicability. Discussion-Forum Central Excise Sat, 11 Feb 2012 18:04:44 +0530 https://www.taxtmi.com/forum/issue?id=3809