TMI Blog(This Notification has been resinds vide Notification No. 7/2001-CE, dated 1st March, 2001.)X X X X Extracts X X X X X X X X Extracts X X X X ..... g under heading Nos. 52.07, 52.08, 52.09, 54.06, 54.07, 55.11, 55.12, 55.13 or 55.14, or processed textile fabrics of cotton or man-made fibres, falling under heading Nos. or sub-heading Nos. 58.01, 58.02, 5806.10, 5806.40, 6001.12, 6001.22, 6001.92, 6002.20, 6002.30, 6002.43 or 6002.93, of the First Schedule to Central Excise Tariff Act, 1985 (5 of 1986), manufactured or produced by an independent processor with the aid of a hot-air stenter shall be - (I) for the period upto the 31st day of March, 2000 - (i) in the case of a processing factory whose average value of processed fabric is upto and including Rs. 30 per sq.mtr., Rs. 2.00 per square meter of the processed fabric, equivalent to Rs. 2.0 lakhs per chamber per month; (ii) in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... equivalent to Rs. 2.5 lakhs per chamber per month. 2. The number of chambers (of a hot-air stenter) and the average value of the processed textile fabrics, for the purpose of computation of the rate of excise duty prescribed in the opening paragraph, shall be determined in terms of the Hot-air Stenter Independent Textile Processors Annual Capacity Determination Rules, 2000. 3. The duty levied and collected on such processed textile fabrics shall be the aggregate of the duty leviable under the Central Excise Act, 1944 (1 of 1944) and the Additional Duties of Excise (Goods of Special Importance) Act, 1957(58 of 1957). 4. The duty levied and collected on such processed textile fabrics shall be apportioned in the ratio of 2:5 between the d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .- For the purposes of this notification, an "independent processor" means a manufacturer who is engaged primarily in the processing of fabrics with the aid of power and who also has the facility in his factory (including plant and equipment) for carrying out heat-setting or drying, with the aid of power or steam in a hot-air stenter and who has no proprietory interest in any factory primarily and substantially engaged in the spinning of yarn or weaving or knitting of fabrics, on or after the 10 th December, 1998. F.No. 334/1/2000-TRU ********************* Notes : 1. For the words per chamber per stenter, the words per chamber per stenter per month has been substituted vide Notification No. 28/2000 dated 31/3/2000 2. For the wo ..... X X X X Extracts X X X X X X X X Extracts X X X X
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