TaxTMI 
TaxTMI 
TaxTMI 
Textiles Sector- Changes in the excise duty structure- Regarding
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....Nos. 24 & 30/2000-CE and 24 to 28 & 30 to 32/2000-CE(NT) all dated the 31st March, 2000 have been issued in this regard. Independent textile processors working under section 3 A: 2. The pre-budget position allowing abatement under sub-section (3) of section 3A to independent textile processors, in respect of closed and sealed stenters has been restored with effect from 1.4.2000. However, such ab....
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....ssors Annual Capacity Determination (Amendment) Rules, 2000, have been suitably amended for this purpose. Notification No. 26/2000-CE(NT) may kindly be referred to in this regard. Accordingly, the assessees will henceforth file the declaration for determination of annual capacity of production to the Deputy Commissioner/ Assistant Commissioner in charge of the Division, with a copy to the Range Su....
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....on No. 28/2000-CE(NT) (notification No. 30/2000-CE refers). Explanation I in both the notification Nos. 28 & 32/2000-CE(NT), clarifies (as presently clarified under the Explanation to sub-rule (5) of rule 57A) that if the inputs declared under the said notifications are used directly by a manufacturer of final products, notwithstanding the actual amount of duty paid on such declared inputs, credi....
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....duct was described as texturised yarn only. This discrepancy has now been removed and in clause © of sub-rule (2) to 57AB and sub-rule(3) of rule 57AG, the product description of texturised yarn has been amended to include draw twisted and draw wound yarn also. 6. It may further be noticed that as per clause (c) of sub-rule (2) to 57AB, CENVAT credit will not be available to the independent tex....