https://www.taxtmi.com/caselaws?id=87720 Exemption under Notification No. 62/87 was held to apply to plastic ropes made from yarn purchased in the market, even where the intermediate synthetic monofilament carried a nil rate of duty and the finished goods were made from duty-paid plastic granules and reprocessed waste. The notification's condition requiring use of yarn on which appropriate excise or countervailing duty had been paid was treated as satisfied by the deeming explanation for market purchases. The principle applied was that exemption cannot be denied merely because the input yarn or related material was exempt or otherwise not exigible to duty. The benefit of the notification was therefore admissible. en-us Mon, 12 Jan 1998 00:00:00 +0530 Thu, 08 Sep 2011 18:08:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87720 Exemption under Notification No. 62/87 was held to apply to plastic ropes made from yarn purchased in the market, even where the intermediate synthetic monofilament carried a nil rate of duty and the finished goods were made from duty-paid plastic granules and reprocessed waste. The notification's condition requiring use of yarn on which appropriate excise or countervailing duty had been paid was treated as satisfied by the deeming explanation for market purchases. The principle applied was that exemption cannot be denied merely because the input yarn or related material was exempt or otherwise not exigible to duty. The benefit of the notification was therefore admissible. Case-Laws Central Excise Mon, 12 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87720