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of <h1>Ministry of Finance Clarifies Concessional Duty for Polyester Yarns Under Notification 53/87-C.E., Ensures No Double Duty.</h1> The circular issued by the Ministry of Finance, Department of Revenue, addresses the applicability of a concessional duty rate under Notification No. 53/87-C.E. for synthetic filament yarn of polyester, specifically partially oriented yarn (POY) and fully oriented yarn (FOY), both classified under heading No. 54.02 of the Central Excise Tariff Act. It clarifies that despite POY and FOY being distinct commodities, both are eligible for the concessional rate. Additionally, an amendment through Notification No. 11/89-C.E. ensures that polyester yarn under heading No. 54.02 is not subject to duty at both the POY and FOY stages.
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