https://www.taxtmi.com/forum/issue?id=1434 Duty on leftover monofilament yarn used in rewinding should be based on market waste value where the loss occurs during production and is within SION wastage allowances (or the default two percent where SION is silent). Waste generated before production may be excluded from the concession. Residual yarn on parent bobbins constitutes scrap/remnant arising from production and may be sold or otherwise disposed of under FTP provisions rather than charged at the imported yarn invoice value. en-us Sat, 22 Aug 2009 10:23:36 +0530 Thu, 23 Jan 2025 15:58:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1434 Duty on leftover monofilament yarn used in rewinding should be based on market waste value where the loss occurs during production and is within SION wastage allowances (or the default two percent where SION is silent). Waste generated before production may be excluded from the concession. Residual yarn on parent bobbins constitutes scrap/remnant arising from production and may be sold or otherwise disposed of under FTP provisions rather than charged at the imported yarn invoice value. Discussion-Forum Central Excise Sat, 22 Aug 2009 10:23:36 +0530 https://www.taxtmi.com/forum/issue?id=1434