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Excise duty-pet bottles

This query is : Resolved 

18 July 2014 DEAR EXPERTS,

AMENDMENT IN EXCISE FOR PET BOTTLES IS AS FOLLOWS:

Excise duty at the rate of 2% (without CENVAT) or 6% (with CENVAT) is being imposed on Polyester Staple Fiber and Polyester Filament Yarn manufactured from plastic waste or scrap or plastic waste including waste polyethylene terephthalate (PET) bottles w.e.f. 1 1th July, 2014.

NOW THE QUERY IS WHETHER SUCH 2% OF DUTY IS TO BE PAID BY MANUFACTURERS NOT FALLING WITHIN THE LIMIT OF 1.5 CRORES(SSI UNITS) ALSO, I.E. WHO ARE NOT REGISTERED UNDER CENTRAL EXCISE BECAUSE THEIR TURNOVER IS LESS THAN 1.5 CRORES OR BY THOSE UNITS ONLY WHO ARE REGISTERED UNDER CENTRAL EXCISE.

18 July 2014 In the both condition SSI exemption will be available.


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