Payment of duty on yarn at fabric stage permitted for exempted fabrics, subject to interest and procedural conditions. Rule 49A is an administrative amenity allowing an assessee to pay excise duty on yarn at the fabric stage, along with interest; this facility does not depend on the dutiable character of the fabrics and may be allowed even when yarn is used to manufacture fully exempted cotton fabrics.
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.
Payment of duty on yarn at fabric stage permitted for exempted fabrics, subject to interest and procedural conditions.
Rule 49A is an administrative amenity allowing an assessee to pay excise duty on yarn at the fabric stage, along with interest; this facility does not depend on the dutiable character of the fabrics and may be allowed even when yarn is used to manufacture fully exempted cotton fabrics.
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