https://www.taxtmi.com/caselaws?id=91953 Waste cotton yarn generated at the weaving stage was held outside Notification No. 95/61-C.E. because excise duty on cotton yarn attached when manufacture was completed at the spindle stage. Rule 49A of the Central Excise Rules, 1944 merely deferred collection until clearance of the fabrics and did not change the point at which liability crystallised. As the exemption had to be applied according to its terms, post-spindle wastage in a composite mill did not gain a fresh exemption, and the demand was sustainable. en-us Fri, 06 Aug 1999 00:00:00 +0530 Sat, 22 Oct 2011 11:43:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91953 Waste cotton yarn generated at the weaving stage was held outside Notification No. 95/61-C.E. because excise duty on cotton yarn attached when manufacture was completed at the spindle stage. Rule 49A of the Central Excise Rules, 1944 merely deferred collection until clearance of the fabrics and did not change the point at which liability crystallised. As the exemption had to be applied according to its terms, post-spindle wastage in a composite mill did not gain a fresh exemption, and the demand was sustainable. Case-Laws Central Excise Fri, 06 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91953