VAT Law Clarifies: "Hank Yarn" Exemption Applies Broadly, Not Limited by Material Type or User Industry.

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Full Text of the Document

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....Interpretation of statute - When the Entry in question specifically provides for exemption to the goods described as “Hank Yarn” without any ambiguity or qualification, its import cannot be restricted by describing it as being available only for the hank form of one raw material like cotton nor could it be restricted with reference to its user industry. - SC....