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of <h1>Exemption Granted for Double or Multifold Yarn Under Chapters 52, 54, 55 of Excise Tariff Act; Rule 56A Applies</h1> The Central Government has issued an exemption for double or multifold yarn, including cabled yarn, under Chapters 52, 54, and 55 of the Central Excise Tariff Act, 1985. This exemption applies to yarn manufactured from duty-paid yarns within the same chapters, relieving them from the equivalent excise duty already paid. The exemption is valid only if no credit of duty paid has been taken under rule 56A of the Central Excise Rules, 1944. It applies to yarns cleared from factories or imported for home consumption by April 5, 1994, and remains effective until April 30, 1994.
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