Excise duty exemption on processed textile yarn used in Chaddars and Terry Towels, subject to notification eligibility and input-credit reversal. Directs non-recovery of excise duty on yarn processed by doubling, winding, warping, bleaching, dyeing, pirn winding or similar processes and classifiable under Chapters 52, 54 and 55 when used in manufacture of Chaddars and Terry Towels for the period 1st April 2003 to 8th July 2004, provided the final products were cleared availing specified exemption notifications and the claiming unit reverses any input credit taken in respect of inputs used in manufacture of such intermediate goods.
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.
Excise duty exemption on processed textile yarn used in Chaddars and Terry Towels, subject to notification eligibility and input-credit reversal.
Directs non-recovery of excise duty on yarn processed by doubling, winding, warping, bleaching, dyeing, pirn winding or similar processes and classifiable under Chapters 52, 54 and 55 when used in manufacture of Chaddars and Terry Towels for the period 1st April 2003 to 8th July 2004, provided the final products were cleared availing specified exemption notifications and the claiming unit reverses any input credit taken in respect of inputs used in manufacture of such intermediate goods.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
