Independent processor definition updated: requires hot-air stenter heat setting facility and excludes proprietary interest in spinning or weaving. Rule 3 is amended to require reporting the total value and total quantity of processed fabrics cleared from the factory in the preceding financial year. Explanation III is replaced to define an 'independent processor' as a manufacturer primarily engaged in powered processing of fabrics who has in-factory plant and equipment for heat-setting or drying by power or steam in a hot-air stenter and who has no proprietary interest in any factory primarily and substantially engaged in spinning, weaving or knitting of fabrics on or after the reference date.
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Provisions expressly mentioned in the judgment/order text.
Independent processor definition updated: requires hot-air stenter heat setting facility and excludes proprietary interest in spinning or weaving.
Rule 3 is amended to require reporting the total value and total quantity of processed fabrics cleared from the factory in the preceding financial year. Explanation III is replaced to define an "independent processor" as a manufacturer primarily engaged in powered processing of fabrics who has in-factory plant and equipment for heat-setting or drying by power or steam in a hot-air stenter and who has no proprietary interest in any factory primarily and substantially engaged in spinning, weaving or knitting of fabrics on or after the reference date.
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