9911796707
TMI BlogCE Rule 57AK -Credit of Duty on Texturised Yarn, etc.X X X X Extracts X X X X X X X X Extracts X X X X ..... eclares the following inputs (hereinafter referred to as the 'declared inputs') and final products falling within the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), namely:- Inputs Final products Texturised yarn (including draw twisted, draw wound yarn) of polyesters, falling under heading No.54.02 of the First Schedule to, the Central Excise Tariff Act, 1985 (1) The follow ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oduction of documents evidencing payment of duty on the said inputs, at the time of clearance of the said final products. 3. The credit of declared duty allowed in respect of the said inputs shall be utilized only towards payment of duty of excise leviable under the said Central Excise Act, on the said final products: Provided that the credit of declared duty in respect of the inputs used in the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... under the Central Excise Act, 1944 (1 of 1944), or as the case may be, the additional duty leviable tinder the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957), at the time of cleat ance of such final products, nothing contained in this notification shall apply in respect of such final products even if the duty of excise leviable on such final products is paid afte ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nufacturer of final products the credit of the declared duly shall, notwithstanding the actual amount of duty paid on such declared inputs, be deemed to be equivalent to the amount specified in this notification and the credit of the declared duty shall be allowed to such manufacturer. Explanation II.- For the purposes of this notification, ""Composite mill"" means a manufacturer who is engaged i ..... X X X X Extracts X X X X X X X X Extracts X X X X
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