TaxTMI 
TaxTMI 
Issues relating to changes in the excise duty structure on textiles and textile articles, as pointed out by the trade and the field formations-reg.
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....e undersigned is directed to state that subsequent to Budget 2004 announcements, a number of representations/ references have been received from the trade as well as from the field formations pertaining to the changes made in the excise duty structure on Textiles and Textile Articles. The point raised and the clarifications thereon are as follows. Issue No. (1): Can a manufacturer of textiles or ....
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....full exemption under notification no. 30/2004-CE on finished goods which was in stock or are manufactured subsequently from such inputs? Clarification: If the manufacturer had not taken any credit on his pre-budget stock of inputs, he can clear the finished products without payment of duty under notification no. 30/2004-CE dated 09.07.2004. However, for manufacturers who had pre-budget stock of i....
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....stration as 'said person' under the said Rule 12B. Such persons can not be considered 'manufacturers' and their registered premises can not be considered as 'factory'. Some of such persons have credit balance in their account, have inputs on which such credit is taken, and have stock of finished goods received from job workers. Some of the inputs are with their job workers. What would be modalitie....