https://www.taxtmi.com/caselaws?id=110999 Twisting and allied processes on filament yarn are treated as manufacture under Chapter Note 3 to Chapter 54, but excise duty liability still depends on the yarn reaching a marketable form. The commentary states that twisted yarn becomes marketable only after winding, and wound twisted yarn made out of duty-paid yarn falls within the nil-rate exemption for yarn under the relevant notification. The same view had been followed in earlier appeals, leaving no basis to sustain the Revenue's challenge against exemption. en-us Wed, 10 Mar 2004 00:00:00 +0530 Thu, 19 Apr 2012 15:12:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110999 Twisting and allied processes on filament yarn are treated as manufacture under Chapter Note 3 to Chapter 54, but excise duty liability still depends on the yarn reaching a marketable form. The commentary states that twisted yarn becomes marketable only after winding, and wound twisted yarn made out of duty-paid yarn falls within the nil-rate exemption for yarn under the relevant notification. The same view had been followed in earlier appeals, leaving no basis to sustain the Revenue's challenge against exemption. Case-Laws Central Excise Wed, 10 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110999