Relevant date for duty rate: yarn removed for captive consumption taxed at fabric stage at rate prevailing on removal. The relevant date for ascertaining the rate of duty on yarn removed under the special procedure is the date of removal of the yarn for purposes of weaving, and duty is payable at the fabric stage at the rate applicable on that removal; earlier contrary instructions became otiose after the retrospective notification treating captive consumption as removal.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Relevant date for duty rate: yarn removed for captive consumption taxed at fabric stage at rate prevailing on removal.
The relevant date for ascertaining the rate of duty on yarn removed under the special procedure is the date of removal of the yarn for purposes of weaving, and duty is payable at the fabric stage at the rate applicable on that removal; earlier contrary instructions became otiose after the retrospective notification treating captive consumption as removal.
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