Exemption limitation: Independent fabric processors with heat-setting facilities excluded from excise exemption; transitional saving applies. The notification amends prior excise exemption provisions to deny exemption to independent processors primarily engaged in factory processing of cotton or man-made fibre fabrics when their factory includes a facility for heat-setting by power or steam in a hot air stenter and they lack proprietary interest in spinning, weaving or knitting factories operating under a levy-and-collection scheme; a transitional saving preserves exemption for fabrics manufactured before 13 January 1999 but cleared on or after that date.
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Provisions expressly mentioned in the judgment/order text.
Exemption limitation: Independent fabric processors with heat-setting facilities excluded from excise exemption; transitional saving applies.
The notification amends prior excise exemption provisions to deny exemption to independent processors primarily engaged in factory processing of cotton or man-made fibre fabrics when their factory includes a facility for heat-setting by power or steam in a hot air stenter and they lack proprietary interest in spinning, weaving or knitting factories operating under a levy-and-collection scheme; a transitional saving preserves exemption for fabrics manufactured before 13 January 1999 but cleared on or after that date.
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