The proceeds of the cess shall, immediately after the encashment of the crossed cheques and crossed Demand Drafts received in that behalf, reduced by the cost of collection as determined by the Central Government be remitted by the Committee into the Reserve Bank of India for being credited to the Consolidated Fund of India.
Provision of the Textiles Committee Act & Cess Rules • As per Section 5A(1) of the Textiles Committee Act, a Cess in the nature of excise duty has been imposed on all textiles and textile machinery manufactured in India.
• The percentage of Cess is 0.050% advalorem.
• The Cess levied under Sub Section (1) of Section 5A shall be in addition to any Cess or duty leviable on textiles or textile machinery under any other law, as per Section 5A(2).
• As per Section 5A(3) of the Act, the Cess shall have to be collected by Textiles Committee in accordance with the Rules framed in.
• As per Rule 4 of Cess Rules, it is obligatory on the part of every manufacturer of textiles and textile machinery to submit the returns in Form A ' or Form'B' as the case may be for assessment of Cess.
• As per Section 5E of the Act, by notification, the following categories of textile items have been exempted from payment of Cess leviable under Section 5 of the Act.
o Rags and Chindies o All types of waste whatever description i.e. Yarn Waste, Hard Waste, Cotton Waste, Woolen Waste, Art-Silk Waste etc.
o Samples of textiles.
• In case of default by the manufacturers, the amount of Cess arrears will be recovered as an arrear of land revenue through the Dist. Collector as per Section 5D of the Act.
o Accessibility Options o Archive o Check Email o Contact Us o Copyright Policy o Privacy Policy o Feedback o Sitemap o Terms & Conditions o Website statistics o Help o Hyperlinking Policy Source URL: http://textilescommittee.nic.in/about-us/textiles-committee-cess-rules http://textilescommittee.nic.in/print/180 2/2 http://textilescommittee.nic.in/about-us/textiles-committee-cess-rules http://textilescommittee.nic.in/print/180