Appellate Tribunal rules in favor of appellant, setting aside duty demand for cotton yarn.

The Appellate Tribunal CEGAT, New Delhi ruled in favor of the appellant, setting aside the duty demand of Rs. 8,32,986.37 for the period of May '93 to February '94 regarding duty liability of multi-fold cotton yarn in straight reel hanks under Notification 31/93, as the goods were found to be exempt from duty under the said notification, in line with the Tribunal's earlier ruling in a similar case.

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The Appellate Tribunal CEGAT, New Delhi ruled in favor of the appellant regarding duty liability of multi-fold cotton yarn in straight reel hanks under Notification 31/93. The duty demand of Rs. 8,32,986.37/- for the period of May '93 to February '94 was set aside as the goods were exempt from duty under Notification 31/93. The decision was based on the Tribunal's previous ruling in a similar case.

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