Excise Duty Act, Rules Articles News Notification Circulars Instructions. Input Credit, Cenvat, Duty Rate, SSI Exemption, Excise on Jewellery,Excise on Garment
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The Textiles Ministry has said it will ask the Finance Ministry to review imposition of excise duty on branded garments and made-up textiles as the levy is “hurting” the industry. The excise duty is hurting the industry. We are assessing the situation. I will take it up with the Revenue Secretary (this month), Textiles Secretary Rita Menon told PTI.
Circular No. 943/04/2011-CX Can credit of capital goods be availed of when used in manufacture of dutiable goods on which benefit under Notification 1/2011- CE is availed or in provision of a service whose part of value is exempted on the condition that no credit of inputs and input services is taken? Is the credit of only specified goods and services listed in the definition of inputs and input services not allowed such as goods used in a club, outdoor catering etc, or is the list only illustrative?
Other than the reason of fraud or collusion or any wilful misstatement or suppression of facts or contravention of any of the provisions of this act— In Sub-section (1) Clause (b) The Person Chargeable with duty may, before issue of notice under clause (a) pay on the basis of –(i) his own ascertainment of such duty; or (ii) duty ascertained by the Central Excise Officer, along with interest payable thereon under section 1 1AA.
The Finance Ministry today withdrew the 10 per cent excise duty levied on jute products in March this year. “The ministry in a corrigendum to the March 24, 2011 notification maintained the exemption of excise duty on the jute products except laminated jute bags,” an official source said here today.
In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise 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 of 1957), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance
Shri P. Chidambaram recommended an excise duty of 2 per cent on such branded jewellery and clarified that there was no levy on unbranded jewellery, including unbranded gold jewellery. Accordingly an exemption notification 05/2006 CE dated 1-03-2006 was issued which exempted full duty in excess of 2% on article of jewellery on which brand name or trade name was indelibly affixed or embossed on the articles of jewellery itself.
The issue of excise duty on readymade garments, the applicability of SSI exemption notifications and many such other issues were discussed in my last article VALUE BASED EXEMPTION SCHEME FOR SSI – GARMENTS . Since the time of publication of this article many clarifications were issued and many procedural aspects were simplified. In this article I propose to discuss these clarifications. In this article readymade garments and made up articles will be referred to as “Garments”
It is not in dispute that the assessees used the inputs and have exported the impugned goods and the refund is only in respect of input credit attributable to the inputs utilized in the exported goods. It is not necessary to prove one-to-one correlation of inputs with that of exported goods. The assessees were not in a position to utilize the credit availed on inputs used in the manufacture of goods which were exported under bond and which were getting accumulated from time to time. In those circumstances, when once the appellate authority correctly applied Rule 5 and granted the refund.
Addressing concerns of garment manufacturers, the Central Board of Customs and Excise today said effective rate of excise on branded apparel is only 4.50 per cent and small manufacturers are exempted from the levy. “Manufacturers having a turnover of Rs four crore are eligible for SSI (small scale industry) exemption from central excise duty for clearance up to Rs 1.5 crore, “the CBEC said in a public notice.
The Union government has slapped an excise duty of 10 per cent on jute products that constitute about 80 per cent of the Rs 6,000 crore industry and threatens to cripple the fate of 2.5 lakh workers. “This 10 per cent central excise duty on the jute sector will bring great trouble to the industry and increase the cost of jute packaging products,” industry veteran Sanjay Kajaria said.
