Yarn exemption rules updated: concession limited to specified finished yarns produced without single-yarn facilities and subject to prior duty payment. The notification amends tariff descriptions and conditions for exemption of dyed, printed, bleached or mercerised yarn by restricting the concession to yarns made in factories without single-yarn production facilities and by requiring that the inputs have had the appropriate excise or additional duty paid; it also conditions the concession for textured or draw-twisted yarn on prior duty payment and on non-availability of input credit during finishing processes.
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Provisions expressly mentioned in the judgment/order text.
Yarn exemption rules updated: concession limited to specified finished yarns produced without single-yarn facilities and subject to prior duty payment.
The notification amends tariff descriptions and conditions for exemption of dyed, printed, bleached or mercerised yarn by restricting the concession to yarns made in factories without single-yarn production facilities and by requiring that the inputs have had the appropriate excise or additional duty paid; it also conditions the concession for textured or draw-twisted yarn on prior duty payment and on non-availability of input credit during finishing processes.
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