Exemption to cotton yarn used in the factory of production for conversion into hank yarn - 29/94 - Central Excise - Tariff

Exemption to cotton yarn used in the factory of production for conversion into hank yarn Notification No. 29/94-C.E. Dated 1-3-1994 In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excises and Salt Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts cotton yarn falling under heading No. 52.03 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), and used captively in the factory of production for conversion into hank yarn in plain (straight) reel hanks, whether single or multiple fold, from the whole of the duty of excise leviable thereon which is specified in the said Schedule.