Duty of excise non levy on cotton yarn sent for conversion preserved where earlier practice resulted in non collection. The Central Government directed that the excise duty payable on cotton yarn under heading No. 52.03 in forms of cops, cones and other forms sent outside the factory for conversion into plain straight reel hanks shall not be required to be paid for instances where duty was not levied during the period commencing 1st March, 1986 and ending 28th February, 1992, in exercise of its statutory powers.
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Provisions expressly mentioned in the judgment/order text.
Duty of excise non levy on cotton yarn sent for conversion preserved where earlier practice resulted in non collection.
The Central Government directed that the excise duty payable on cotton yarn under heading No. 52.03 in forms of cops, cones and other forms sent outside the factory for conversion into plain straight reel hanks shall not be required to be paid for instances where duty was not levied during the period commencing 1st March, 1986 and ending 28th February, 1992, in exercise of its statutory powers.
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