Excise exemption for cotton yarn used within the factory for conversion into hank yarn removes applicable duty. An Excise exemption applies to cotton yarn specified in the Tariff when used captively in the factory of production for conversion into plain (straight) reel hanks, single or multiple fold, removing the whole of the excise duty leviable on such 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.
Excise exemption for cotton yarn used within the factory for conversion into hank yarn removes applicable duty.
An Excise exemption applies to cotton yarn specified in the Tariff when used captively in the factory of production for conversion into plain (straight) reel hanks, single or multiple fold, removing the whole of the excise duty leviable on such yarn.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.