Excise Duty Reduced on Waste Paper and Paper Scrap, Concessional Rate for Cartons, Boxes and Cases extended to more Manufacturers
THE Central Government has reduced the effective rate of excise duty for waste paper and paper scrap falling under Chapter 4707 to 4%.
Further, Condition No. 12 of the Notification No. dated 01-03-2006 (applicable to goods of S. No. 96E of this notification) is amended as follows :
“The exemption shall be applicable to units manufacturing cartons, boxes or cases, as the case may be, starting from the stage of Kraft paper, corrugated paper, corrugated sheet, corrugated board or any one or more of these stages and not having the facility to manufacture Kraft paper in the same factory.”
Hitherto, Condition No. 12 read as follows:
“The exemption shall be applicable to units manufacturing cartons, boxes or cases, as the case may be, starting from the stage of bought out Kraft paper and not having the facility to manufacture Kraft paper in the same factory.”
The concessional duty benefits are extended to manufacturers of ‘cartons, boxes and cases, of corrugated paper or paperboard' whose manufacturing process starts from any one or more stages as mentioned in the new condition and not just from the ‘stage of kraft paper'.
Notification No. , Dated: April 29, 2010