Excise exemption for polyester filament yarn limits duty excess to a prescribed rate, subject to Chapter X procedural conditions. Exemption caps central excise duty on polyester mono-filament yarn of denier 2000 and above (sub-heading 5406.19) used in manufacture of slide fasteners (heading 96.07) by removing duty in excess of the amount calculated at the prescribed rate per kilogram. The exemption is granted under sub-rule (1) of rule 8 of the Central Excise Rules, 1944 and requires compliance with Chapter X procedures where use occurs outside the factory of production.
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Provisions expressly mentioned in the judgment/order text.
Excise exemption for polyester filament yarn limits duty excess to a prescribed rate, subject to Chapter X procedural conditions.
Exemption caps central excise duty on polyester mono-filament yarn of denier 2000 and above (sub-heading 5406.19) used in manufacture of slide fasteners (heading 96.07) by removing duty in excess of the amount calculated at the prescribed rate per kilogram. The exemption is granted under sub-rule (1) of rule 8 of the Central Excise Rules, 1944 and requires compliance with Chapter X procedures where use occurs outside the factory of production.
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