https://www.taxtmi.com/caselaws?id=89881 Rule 49A postpones collection of central excise duty with interest for captive-use cotton yarn, but it does not alter the point at which the levy is attracted. The applicable rate is determined by the date the yarn is removed for manufacture of fabrics, not the later date on which duty is collected at clearance of the fabrics. On that basis, the reduced rate that came into force from 1 March 1988 did not apply to yarn removed before that date. The demand was upheld and the challenge failed. en-us Fri, 25 Sep 1998 00:00:00 +0530 Fri, 30 Sep 2011 12:40:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89881 Rule 49A postpones collection of central excise duty with interest for captive-use cotton yarn, but it does not alter the point at which the levy is attracted. The applicable rate is determined by the date the yarn is removed for manufacture of fabrics, not the later date on which duty is collected at clearance of the fabrics. On that basis, the reduced rate that came into force from 1 March 1988 did not apply to yarn removed before that date. The demand was upheld and the challenge failed. Case-Laws Central Excise Fri, 25 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89881