Excise exemption for specified yarns: nil duty applies where prior duty has been paid and processing conditions are met. The notification grants a nil effective excise rate for specified yarn categories where the yarn is produced or processed from yarn on which the appropriate excise or additional customs duty has already been paid, subject to conditions such as intended use in fabric manufacture, production from plain reel hanks for conversion into two-fold yarn, and processing operations including beaming, warping, wrapping, winding or reeling.
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.
Excise exemption for specified yarns: nil duty applies where prior duty has been paid and processing conditions are met.
The notification grants a nil effective excise rate for specified yarn categories where the yarn is produced or processed from yarn on which the appropriate excise or additional customs duty has already been paid, subject to conditions such as intended use in fabric manufacture, production from plain reel hanks for conversion into two-fold yarn, and processing operations including beaming, warping, wrapping, winding or reeling.
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