No Change In CENVAT Rules For Textile Goods

TextileThere is no change in exemption from excise duty for textile goods as mentioned in central value added tax (CENVAT) Rules 2004, the union ministry of finance has clarified.

The Central Board of Excise and Customs (CBEC) had issued a notification on July 17, 2015, which stated that the excise duty credit could be claimed by the manufacturers of end products only if the previous links in the manufacturing chain had paid the excise duty for the inputs at each of the stages.

Since the notification has created some confusions, the ministry through its Notifications no. 37, 38 and 39 of 2015, has clarified that there is no change in CENVAT Rules 2004 with respect to exemption from excise duty for textile goods.

Reference Link