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17
th
May, 2003
Notification No. 47/2003 - Central Excise (N.T.)
In exercise of the powers conferred by sub-rule (3) of rule 9A of the CENVAT Credit Rules, 2002, the Central Government
hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department
of Revenue) No. 35/2003-Central Excise (NT), dated the 10
th
April, 2003, namely:-
In the said notification, in the Table, for S. No.2 and the entries relating thereto, the following shall be substituted, namely:-
(1)(2) (3)
"2
finished goods lying in stock, namely,-
(a) Unprocessed fabrics of cotton not containing any other textile material;
(b) Unprocessed fabrics other than (a) above;
(c) Yarns, which were eligible for exemption, as on 31
st
March, 2003, from the whole of
the excise duty under notification No. 6/2002-Central Excise, dated the 1
st
March, 2002
(other than the shoddy yarn purchased or procured from outside the factory, and subjected
to any process);
(d) Article of apparel and clothing accessories falling under Chapter 61
Declared value multiplied by
26% of the rate of duty on such
unprocessed fabrics
Declared value multiplied by
60% of the rate of duty on such
unprocessed fabrics
Deemed value multiplied by the
rate of duty on such yarn
Declared value multiplied by
12% of the rate of duty on such
article of apparel and clothing
accessories".
V. Sivasubramanian
Deputy Secretary to the Government of India
F.No. B-3/4/2003-TRU (Pt-II)
Footnote.- The notification No. 35/2003-Central Excise (N.T.), dated the 10
th
April, 2003 was published in the Gazette of India,
vide number G.S.R. 336 (E), dated the 10
th
April, 2003 .
notifications no 47 2003 ce n t | iKargos
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