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TMI BlogLevy and collection of excise dutyX X X X Extracts X X X X X X X X Extracts X X X X ..... Act, 1944 (1 of 1944) read with sub-section (3) of section 3 of the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 or 1957), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts excisable goods of the description specified in column (3) of the Table below and falling within the Chapter, heading No. or sub-heading No. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (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 proprietary interest in any factory primarily and substantially engaged in the spinning of yarn or weaving of fabrics, on or after 10 th December, 1998, operating under any scheme of levy and collection of excise duty notified under section 3A of the Central ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ntral Excise (N.T.), dated the 31st March 1996, as amended, shall be allowed only on such portion of the aggregate duty as is apportioned towards the duty of excise leviable under the Central Excise Act. TABLE S.No. Chapter or heading No. or sub-heading No. Description (1) (2) (3) 1. 52.07 (except 5207.10), 52.08 (except 5208.10) or 52.09 (except 5209.10) Cotton fabrics, subjected to any ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oses of the exemption under S.No. 2,-(i) the expression "independent processor" means a manufacturer, who is engaged exclusively in the processing of fabrics with the aid of power and who has no proprietary interest in any factory engaged in the spinning of yarn of cotton or weaving of cotton fabrics; and (ii) the value of the fabrics shall be equal to 40% of the value determined under section 4 o ..... X X X X Extracts X X X X X X X X Extracts X X X X
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