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Exemption Denied: Missing Certificate for Yarn Supply to Handloom; No Demand Against Respondent for Alleged Diversion.

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....Denial of exemption claim - there was no specific certificate certifying that the yarn received would be supplied to handloom units, the fact remains that merely from this it cannot be inferred that the respondent were aware of the illicit diversion of the yarn by the Punjab State Handloom Weavers Apex Co-operative Society to Power Loom Units - No demand - AT....