Excise duty exemption for cotton goods limits levy to specified effective rates, varying by yarn form and purchaser status. Exemption limits excise liability for specified Chapter 52 cotton goods to rates set in the notification. Cotton yarn and woven fabrics are categorized by production method, form (plain or cross reel hanks), captive use, and purchaser status; many plain reel hank yarns and non-power-produced yarns are nil-rated, while other power-produced yarns attract an effective ad valorem rate. Cross-reel hank yarns bought by registered handloom cooperatives or handloom development corporations receive differential rates by count when payment is by cheque from the purchaser's account. The notification also covers polyester-blended yarns acquired by those eligible bodies and woven fabrics with defined finishing processes.
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 duty exemption for cotton goods limits levy to specified effective rates, varying by yarn form and purchaser status.
Exemption limits excise liability for specified Chapter 52 cotton goods to rates set in the notification. Cotton yarn and woven fabrics are categorized by production method, form (plain or cross reel hanks), captive use, and purchaser status; many plain reel hank yarns and non-power-produced yarns are nil-rated, while other power-produced yarns attract an effective ad valorem rate. Cross-reel hank yarns bought by registered handloom cooperatives or handloom development corporations receive differential rates by count when payment is by cheque from the purchaser's account. The notification also covers polyester-blended yarns acquired by those eligible bodies and woven fabrics with defined finishing processes.
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