Excise Duty - Pile Liners - Retrospective Exemption
THE duty of excise on pile liners fabricated at the site of construction for use at the marine site, falling under heading 7305 of Schedule to the Central Excise Tariff Act, 1985 was not being levied during the period commencing on the 1st day of April, 2005 and ending with 17 th day of November, 2011;
Now, under Section 11C of the Central Excise Act, the Government directs that the whole of the duty of excise payable on the said goods but for the said practice, shall not be required to be paid in respect of said goods on which the said duty of excise were not levied during the period.
However the benefit under this notification shall not be admissible unless the unit claiming benefits in terms of this notification reverses the input credit, if any, taken in respect of inputs used in the manufacture of said goods on which the duty of excise was not levied during the aforesaid period in accordance with the said practice.
The prospective exemption was given by Notification No. 41/2011-CE dated 18.11.2011.
Notification No. Dated: December 01, 2011