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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Government Grants Excise Duty Exemption for Cotton and Cellulosic Yarn Processed Between March 1-22, 1994, Under Notification 35/96</h1> The Central Government issued Notification No. 35/96-C.E.(N.T.) on November 5, 1996, granting an exemption from excise duty for cotton yarn and cellulosic spun yarn under Headings 52.03 and 55.05. This exemption applies to yarn cleared between March 1, 1994, and March 22, 1994, which underwent processes like beaming, warping, wrapping, winding, or reeling, provided the excise duty was already paid on the yarn. The exemption acknowledges a prevalent practice of non-levy of excise duty during that period, thereby absolving the need for duty payment on such yarn.
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