Exemption for nylon filament yarn: high denier, high tenacity yarns for industrial use receive capped excise duty treatment. Nylon filament yarn under sub heading 5402.11 having denierage 400 or above and tenacity exceeding 6.5 grams per denier is exempt from excise duty to the extent that duty exceeds the amount calculated at the prescribed per kilogram rate, provided an officer not below Assistant Collector of Central Excise is satisfied the yarn is meant for industrial purposes; manufacture of fabrics under Chapter 54 or 55 is excluded from the meaning of industrial purposes.
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.
Exemption for nylon filament yarn: high denier, high tenacity yarns for industrial use receive capped excise duty treatment.
Nylon filament yarn under sub heading 5402.11 having denierage 400 or above and tenacity exceeding 6.5 grams per denier is exempt from excise duty to the extent that duty exceeds the amount calculated at the prescribed per kilogram rate, provided an officer not below Assistant Collector of Central Excise is satisfied the yarn is meant for industrial purposes; manufacture of fabrics under Chapter 54 or 55 is excluded from the meaning of industrial purposes.
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