Thursday, 1 October 2015

Sale of waste arising during production of Yarn can't be said to be clandestine removal of Yarn

Excise & Customs : Where partially wound bobbins of 1 Kg. or less yarn were treated as 'non-marketable' waste both by assessee and revenue and same was sold as 'waste', not 'yarn', same was not marketable and therefore, not liable to duty

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