Excise duty exemption for cotton yarn when dispatched for conversion into hank yarn under specified outward processing conditions. Exemption from excise duty is granted for cotton yarn when the yarn is sent outside the factory of production for conversion into hank yarn in plain reel hanks, single or multiple fold; the exemption covers the whole of the duty otherwise leviable and is confined to that specified movement for conversion circumstance under the central excise regulatory scheme.
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 yarn when dispatched for conversion into hank yarn under specified outward processing conditions.
Exemption from excise duty is granted for cotton yarn when the yarn is sent outside the factory of production for conversion into hank yarn in plain reel hanks, single or multiple fold; the exemption covers the whole of the duty otherwise leviable and is confined to that specified movement for conversion circumstance under the central excise regulatory scheme.
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