Excise exemption for twisted filament yarns prevents double taxation where prior duties on feed yarns were paid. Exempts twisted filament yarns (including crepe yarn) manufactured by independent twisters from excise and related duties to the extent such duties would duplicate taxes already paid on the filament yarn inputs, subject to conditions that the input yarn had duties paid, was procured from outside the twister's factory, and that the twister maintains accounts evidencing receipt, use, manufacture and clearance to ascertain duties paid. An independent twister is limited to persons engaged only in twisting filament yarns.
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 exemption for twisted filament yarns prevents double taxation where prior duties on feed yarns were paid.
Exempts twisted filament yarns (including crepe yarn) manufactured by independent twisters from excise and related duties to the extent such duties would duplicate taxes already paid on the filament yarn inputs, subject to conditions that the input yarn had duties paid, was procured from outside the twister's factory, and that the twister maintains accounts evidencing receipt, use, manufacture and clearance to ascertain duties paid. An independent twister is limited to persons engaged only in twisting filament yarns.
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