Yarn exemption conditions: duty-free relief limited to processed yarn and supplies meeting purchaser/payment requirements; excludes single-yarn producers. Amendment substitutes entries providing nil-duty treatment for yarn in Chapters 52, 54 and 55: processed yarn subjected to beaming, warping, wrapping, winding or reeling is exempt only if produced from yarn on which appropriate excise or additional duty has already been paid; yarn consumed in-factory to produce doubled, multifold or cabled yarn is exempt when sold to specified handloom bodies and paid for by cheque drawn on the purchaser's own account. A proviso excludes earlier exemptions from clearances by factories equipped to produce single yarn.
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.
Yarn exemption conditions: duty-free relief limited to processed yarn and supplies meeting purchaser/payment requirements; excludes single-yarn producers.
Amendment substitutes entries providing nil-duty treatment for yarn in Chapters 52, 54 and 55: processed yarn subjected to beaming, warping, wrapping, winding or reeling is exempt only if produced from yarn on which appropriate excise or additional duty has already been paid; yarn consumed in-factory to produce doubled, multifold or cabled yarn is exempt when sold to specified handloom bodies and paid for by cheque drawn on the purchaser's own account. A proviso excludes earlier exemptions from clearances by factories equipped to produce single yarn.
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