Budget 2011-12 — Clarifications relating to readymade garments and vaccines

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....t papers. In para 61.2 of these notes, wherein changes in the excise duty rate on readymade garments and made up articles of textile were discussed, it has inadvertently been mentioned that the excise duty of 10% is being imposed on such goods without Cenvat credit facility. It clarified that Cenvat credit of the duty paid on inputs and capital goods as well as service tax paid on input services i....

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.....gov.in. The Gazette copies of the notifications published on 1-3-2011 also reflect the correct versions of these notifications. 3. Central excise duty of 1% was imposed on vaccines (other than those specified under the National Immunization Program) by virtue of S. No. 39 of Notification No. 1/2011-C.E., dated 1-3-2011. The policy intent was to retain full exemption from excise duty on vacc....