Compounded Levy on Independent Textile Processors, the scheme of compounded levy of duty on basis of hot air stenters with an independent textile manufacturer. Part-III COMPOUNDED LEVY ON INDEPENDENT TEXTILE PROCESSORS Introduction 1.1 The scheme of compounded levy of duty on basis of hot air stenters with an independent textile manufacturer has been introduced effect from 1st May, 2001 by Notifications No. 16/2001-Central Excise (N.T.) and No.21/2001- Central Excise, both dated 30.4.2001. 1.2 The scheme of compounded levy is optional. Thus, an independent textile processor has the option of availing this scheme and paying the duty prescribed thereunder. In the alternative the processor may pay the duty at the specified rate of duty on the basis of the value of the goods produced. Rate of compounded levy 2.1 The rate of duty under the compounded levy scheme is, as follows: Value of Processed Textile Fabrics Rate of compounded duty Per stenter per chamber Upto and including Rs. 30 per sq. meter Rs. 2.5 lakhs per month Over Rs. 30 per sq. meter Rs.3 lakhs per month 2.2 The 50% of the compounded duty has to be paid by the 20th. of the month and the balance 50% by the 5th of the succeeding month. Salient features of compounded levy scheme 3.1 The eligibility conditions for availing the scheme are: The scheme does not apply to open air stenter. It applies only to hot air stenters. The scheme can be availed only if the original value of investment on plant and machinery, duly certified by a Chartered Accountant of Cost Accountant, in the factory of the processor is not more than Rs.3 crore. For this purpose, the higher of the original value of the investment on plant and machinery that was installed as on 1.3.2001 and as installed on 1.5.2001 in the factory of processor is to be taken into account. 3.2 An independent processor, who is eligible for availing of the scheme, has to apply for exercising the option through an application to be submitted to the jurisdictional Commissioner of Central Excise by the 20th May, 2001. However, should he commence business subsequently, he should apply before the commencement of the production. 3.3 Once the option has been exercised for the scheme, and accepted by the Commissioner of Central Excise, it can not be withdrawn during the remaining part of the financial year. 3.4 No abatement if available on account of any reduction in stenter or chambers or on account of closure or absence of use of the same. The duty liability would remain unchanged during the period of option of the scheme i.e. the financial year. However, should all the manufacturing operations in the factory be closed for more than 30 days abatement is permissible. 3.5 In the event that after application and acceptance thereof any enhancement is made in the number of chambers the duty liability would get enhanced for the balance part of the financial year. 3.6 The applicant availing the scheme has to do the stentering in his factory itself. 3.7 Detailed instructions regarding the valuation of processed fabric and other procedure have been issued from F.No.B.4/6/2001-TRU dated 30.4.2001, which will apply, mutatis mutandis, under the Central Excise (No.2) Rules, 2001.
Get Sample Now Which service(s) are you interested in? Export Data Import Data Both Buyers Suppliers Both OR Exim Help + Exim News Date: 30-08-2025 Japan will take 50,000 "skilled and semi-skilled personnel" from India in 5 years: MEA Date: 30-08-2025 Economists see slow US growth, stubborn inflation well into 2026 Date: 30-08-2025 Govt should consider Rs 2,500 cr to exporters for participation in global exhibitions: GTRI Date: 30-08-2025 Free land in Bihar if you meet the conditions; incentives for EPF, ESI, GST will also be given under Date: 30-08-2025 ET MSME Awards 2025: Just few Weeks left to claim your spotlight! Date: 29-08-2025 Lotus to cut 550 UK jobs as sportscar maker restructures amid tariffs and market pressure Date: 29-08-2025 ‘Your purchases have killed...’: US Senator Lindsey Graham blames India over use of Russian oil amid Date: 29-08-2025 China drought of rare earths to India in focus for Xi-Modi meet Date: 29-08-2025 Trump Tariff Turbulence: Should mutual fund investors rework their investment strategy? Date: 29-08-2025 Indian rupee sinks to record low of 12.33 versus offshore yuan in likely boost to competitiveness What is New? Date: 20-08-2025 NOTIFICATION No. 12/2025 – CENTRAL TAX Seeks to extend the due date for furnishing FORM GSTR-3B for the month of July,2025 upto 27.08.2025, for the taxpayers registered in Mumbai (City), Mumbai (sub-urban), Thane, Raigad and Palghar districts of Maharashtra Date: 18-08-2025 Notification No. 35/2025-Customs Seeks to prescribe BCD and AIDC on Raw Cotton for a specified period Date: 14-08-2025 Notification No. 50/2025-CUSTOMS (N.T.) Fixation of Tariff Value of Edible Oils, Brass,Scrap, Areca Nut, Gold and Silver Date: 31-07-2025 Notification No. 49/2025-CUSTOMS (N.T.) Fixation of Tariff Value of Edible Oils,Brass Scrap, Areca Nut, Gold and Silver Date: 19-07-2025 Notification No. 34/2025-Customs Seeks to amend notification No. 146/94-Customs, dated the 13th July, 1994 to omit serial number 10A. Date: 18-07-2025 Notification No. 33/2025-Customs Seeks to amend notification No. 146/94-Customs, dated the 13th July, 1994 to provide exemption on import of Horses for Polo (HS 0101 29 10) under specified condition. Date: 16-07-2025 Notification No. 47/2025-Customs (N.T.) Appointment of Common Adjudicating Authority for the purpose of finalization of Provisional Assessment in SVB case w.r.t. M/s. Ammega Belting India Pvt. Ltd. -reg Date: 15-07-2025 Notification No. 46/2025-CUSTOMS (N.T.) Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver Date: 30-06-2025 Notification No. 44/2025-CUSTOMS (N.T.) Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver Date: 30-06-2025 Notification No. 32/2025-Customs Seeks to amend Notification No.130/2010- Customs dated 23.12.2010 to extend the exemption benefits to Air Canada.
Indian Customs CBEC - Indian Customs Offices Indian Customs Duty Customs Exchange Rate HS Code List - Countrywise Safegaurd Duty Anti Dumping Duty Duty Drawback Rates
DGFT Dgft offices in India Exim Policy IEC Number Dgft Notification Dgft Public Notices Dgft Circulars Trade Notice Depb Rates
Central Excise Central Excise Offices Central Excise Duty Central Excise Notification Central Excise Notification tarrif Central Excise Notification Non-Tarrif Central Excise Circulars Central Excise Instruction Central Excise Manual