Yarn - Notification No. 53/87-C.E., dated 1-3-1987 POY and FOY - [Heading No. 54.02] - Central Excise - 357/31/89-TRU

Yarn - Notification No. 53/87-C.E., dated 1-3-1987 POY and FOY - [Heading No. 54.02] F. No. 357/31/89-TRU Dated 30-6-1989 Government of India Ministry of Finance (Department of Revenue) New Delhi Subject : Yarn - Notification No. 53/87-C.E., dated 1-3-1987 POY and FOY - [Heading No. 54.02]. This is to invite attention to Ministry's telex F. No. 54/16/88-CX.1, dated the 21st December, 1988 on the above subject and to state that even though partially oriented yarn of polyester and fully oriented yarn of polyester are two different commodities, the concessional rate of duty prescribed under notification No. 53/87-Central Excises dated the 1st March, 1987 as amended, for synthetic filament yarn of polyester falling under heading No. 54.02 of the Schedule to the Central Excise Tariff Act would be available to both, the partially oriented yarn of polyester as well as the fully oriented yarn of polyester. In this connection, attention is also invited to Notification No. 11/89-C.E. (N.T.), dated the 1st March, 1989 amending Notification No. 84/87-C.E., dated the 1st March, 1987 under which heading No. 54.02 has been notified under rule 56A of the Central Excise Rules, 1944. The effect of this amendment would be that yarn of polyester falling under heading No. 54.02 will not be required to bear the incidence of duty at both, the POY stage and the FOY stage.