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of <h1>Exemption on Doubled or Multifold Yarn from Excise Duty Under Notification No. 318/86-C.E. per Rule 8(1)</h1> Notification No. 318/86-C.E., dated May 22, 1986, issued by the Central Government, exempts doubled or multifold yarn from the whole of the excise duty specified under the Central Excise Tariff Act, 1985. This exemption applies to yarn falling within Chapter 54 or 55 of the Schedule, provided it is manufactured from yarn on which the appropriate excise duty has already been paid. This notification is enacted under the authority of sub-rule (1) of Rule 8 of the Central Excise Rules, 1944.
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