Saturday, 7 November 2015

Imported Wax used for coating can't be treated as consumable for availing concessional duty

Central Excise : Imported Wax used for 'wax coating' on cotton yarn, is a 'raw material' and not 'consumable'; therefore, owing to use of imported raw material, assessee-EOU cannot avail concessional rate of duty on DTA clearances under Notification 8/97-CE

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