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TMI BlogCE Rule 57AKX X X X Extracts X X X X X X X X Extracts X X X X ..... 2, 54.03, 54.04, 54.05, 55.01, 55.02. 55.03, 55.04, 55.05, 55.06, 55.07, 55.09, 55.10, 56.04, 56.05,or 56.06 of the said First Schedule. The following goods manufactured by a composite mill, namely: (i) Processed fabrics failing under Chapters 52 (except sub-heading Nos. 5207.10, 5208.10 and 5209.10), 54 (except sub-heading Nos. 5406. 10 and 5407. 10) or 55 (except sub-heading Nos. 5511.10, 5512.10, 5513.10 and 5514.10); or (ii) Fabrics of cotton or man-made fibres, whether or not processed, falling under heading Nos. 58.01, 58.02, 58.06 (except sub-heading No.5806.20), 60.01, 60.02 (except sub-heading No. 6002. 10) of the said First Schedule. (2) (i) Goods failing within heading No. 51.05, 51.06, 51.07, 52.05, 52.06, 53.06, 3.07, 5 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ll be deemed to have been paid on the declared inputs and the same, - (i) in case of a composite mill, shall be equivalent to the amount calculated at the rate of - (a) 40 per cent of the duty of excise leviable under the Central Excise Act, 1944 (1 of 1944) read with any notification for the time being in force, on die final products of cotton (not containing any other textile material) declared herein; (b) 50 per cent of the duty of excise leviable under the Central Excise Act, 1944 (1 of 1944) read with any notification for the time being in force, on the final products other than those specified in sub-clause (a), (ii) in case of a manufacturer other than a composite mill, shall be equivalent to the amount calculated at the rate of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... avails of drawback allowed under the Customs and Central Excise Duties (Drawback) Rules, 1971 or claims rebate of duty under rule 12 of the Central Excise Rules, 1944, in respect of such duty. 4. The provisions of this notification shall not apply to a manufacturer (other than a composite mill) who avails any credit, under rule 57AB of the Central Excise Rules, 1944, in respect of the said inputs and the said are used in the manufacture of the said final products. 5. In respect of a composite mill, the provisions of this notification shall apply only to processed fabrics manufactured from unprocessed fabrics not woven in the same composite mill. 6. Where the final products have been removed clandestinely without payment of duty of excise ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ared herein; (b) 60 per cent of the duty of excise leviable under the Central Excise Act, 1944 (1 of 1944) read with any notification for the time being in force, on the final products other than those specified in sub-clause (a), at the time of clearance of - (i) final products lying in stock in the processing factory of a multi- locational composite mill as on the 2nd day of June,1998;or (ii) final products manufacturing or semi-processed fabrics lying in stock in the processing factory of a multi-locational composite mill as on the 2nd day of June, 1998: Provided that no credit under this paragraph shall be taken where the processing factory of the said multi-locational composite mill has taken credit in respect of the said inputs un ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e mill- means a manufacturer who is engaged in the processing of fabrics with the aid of power along with weaving or knitting or crocheting of fabrics within the same factory and includes a multi-locational composite mill, i.e., a public limited company which is engaged in the processing of fabrics with the aid of power along with weaving or knitting or crocheting of fabrics in one or more factories owned by the same public limited company. Explanation III. - For removal of doubts, it is clarified that the provisions of this notification shall not apply where processed fabric itself is used as an input for further processing. Explanation IV. - For the removal of doubts, it is clarified that the provisions of paragraph 4 shall not apply to ..... X X X X Extracts X X X X X X X X Extracts X X X X
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