Central Excise - Recovery of interest on yarn used in the manufacture of exported fabrics - Regarding

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....inistry of Finance (Department of Revenue) Central Board of Excise & Customs, New Delhi Subject : Central Excise - Recovery of interest on yarn used in the manufacture of exported fabrics - Regarding. Doubts have been raised as to whether in respect of export of fabrics under bond under rule 13/14, interest on yarn duty is also payable or not where the manufacturer-exporter is working und....

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....nder rule 49A of the Central Excise Rules, 1944 is charged as a percentage of yarn duty, this interest would also be nil in view of the fact that no duty is recoverable on yarn in such cases. 3. This decision of the CEGAT has been accepted by the Ministry. Ministry's Instructions dated 24-2-1982 referred to above are therefore withdrawn. 4. It is however clarified that in case the fabrics wh....