https://www.taxtmi.com/article/detailed?id=6347 Notification No. 34/2015 conditions the textile finished goods exemption on manufacture from inputs on which the appropriate excise duty leviable has been paid and for which the manufacturer has not taken CENVAT credit; this spawned divergent views about whether nil rated or exempt inputs disqualify the exemption and created compliance burden from the supplier verification requirement. Subsequent departmental inconsistency prompted trade notices and their withdrawal, and a later CBEC clarification restored that "appropriate" duty includes inputs chargeable at nil or concessional rates, removing immediate registration and stock declaration requirements. en-us Mon, 20 Jul 2015 12:05:57 +0530 Tue, 21 Jul 2015 15:22:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6347 Notification No. 34/2015 conditions the textile finished goods exemption on manufacture from inputs on which the appropriate excise duty leviable has been paid and for which the manufacturer has not taken CENVAT credit; this spawned divergent views about whether nil rated or exempt inputs disqualify the exemption and created compliance burden from the supplier verification requirement. Subsequent departmental inconsistency prompted trade notices and their withdrawal, and a later CBEC clarification restored that "appropriate" duty includes inputs chargeable at nil or concessional rates, removing immediate registration and stock declaration requirements. Articles Central Excise Mon, 20 Jul 2015 12:05:57 +0530 https://www.taxtmi.com/article/detailed?id=6347