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of <h1>Central Government Exempts Certain Cotton Yarn and Man-Made Fibers from Excise Duty Under Notification No. 53/87-C.E.</h1> The Central Government issued Notification No. 53/87-C.E. on March 1, 1987, under the Central Excise Rules, 1944, to exempt certain varieties of cotton yarn and man-made fibers from excess excise duty. The notification specifies different types of yarn and fibers, along with their corresponding excise duty rates and conditions for exemption. For instance, yarn purchased by registered handloom cooperative societies is exempt from duty if paid by cheque. Other exemptions include yarn manufactured from already duty-paid yarn and split yarn produced from mother yarn with paid excise duty. Specific rates apply to synthetic mono-filament, artificial staple fibers, and polyester-wool blended yarn.
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