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of <h1>Debate on Duty-Free Conversion of Cops/Cones into Hank Yarn u/r 96E Continues; Awaiting Attorney General's Opinion.</h1> The circular addresses the issue of whether cops/cones can be removed for conversion into Hank Yarn without paying duty under Rule 96E. Some authorities believe this conversion constitutes manufacturing, necessitating duty payment on cops/cones before conversion. However, since Hank Yarn is exempt from excise duty to benefit the Handloom sector, charging duty on cops/cones would negate this exemption. The Ministry has sought the Attorney General's opinion on the matter. Meanwhile, the Board has decided to continue allowing removal of cops/cones under bond for conversion into Hank Yarn, with demands kept pending until a final decision is made.
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