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of <h1>Supreme Court Rules on Duty for Cotton Yarn Stock After Exemption Withdrawal</h1> The Supreme Court allowed the Revenue's appeals regarding the duty on cotton yarn in stock after the withdrawal of exemption. Duty can be levied at a ... Exemption The Supreme Court allowed the Revenue's appeals regarding the duty on cotton yarn in stock after the withdrawal of exemption. Duty can be levied at a later stage for administrative convenience. The assessee is liable to pay duty on cotton yarn not already used in cotton fabric on the date of withdrawal of exemption. The appeals of the Revenue are allowed to that limited extent.
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