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10th April, 2003
Notification No. 35/2003 - Central Excise (N.T.)
In exercise of the powers conferred by sub-rule (3) of rule 9A of the Central Excise Rules, 2002, the Central Government,
hereby declares, for the purposes of the said rule, the amount of credit of duty, as specified in column (3) of the table below,
on inputs lying in stock or in process or on inputs contained in finished goods lying in stock, as specified in the corresponding
entry in column (2) of the said Table, namely:-
TABLE
S.
No.
Description Amount of credit
(1)(2) (3)
1
Input lying in stock or in process, namely,-
(a) Texturised yarn lying in stock in a composite mill;
(b) Yarn other than (a) above;
(c) Fabrics (unprocessed or processed)
Rs 18 per Kg of texturised yarn multiplied by quantity in Kg of
such texturised yarn
Deemed value multiplied by the rate of duty on such yarn
Deemed value multiplied by the rate of duty on such fabrics
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
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
Explanation 1.- For the purposes of this notification, " Deemed value" shall be calculated in the following manner:
Deemed value= Declared value multiplied by 95
[ 100 + rate of duty] ;
Explanation 2.- For the purposes of this notification, "rate of duty" shall mean the rate of duty leviable under the Central
Excise Tariff Act, 1985 (5 of 1986), the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957) and
Additional Duties of Excise (Textile and Textile Articles) Act, 1978 (40 of 1978), as the case may be, read with any notification,
as on the 1
st
day of April, 2003;
Explanation 3.- For the purposes of this notification, " composite mill" means a manufacturer who is engaged in the
processing of fabrics with the aid of power along with the spinning of yarn from fibres and 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 the spinning of yarn from fibres and weaving or knitting or
crocheting of fabrics in one or more factories owned by the same public limited company.
F.No. B3/4/2003-TRU(Pt)
Alok Shukla
Deputy Secretary to the Government of India
notifications no 35 2003 ce n t | iKargos