Removal of cops/cones etc. under Rule 96E for conversion into Hank Yarn - Instruction - Regarding

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..... e (Department of Revenue) New Delhi Subject : Removal of cops/cones etc. under Rule 96E for conversion into Hank Yarn - Instruction - Regarding. A number of representations from the Trade and also references from Collectors seeking clarification on the scope of Rule 96E have been received whether cops/cones can be removed for conversion into Hank Yarn without payment of duty. A view has .....

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..... ted the Law Ministry to seek the opinion of the learned Attorney General in the matter. 3. It is to be noted that plain reeled hanks are used only by the Handloom sector. The exemption to such hanks is meant to provide relief to this sector. The duty on yarn being specific the relief accruing to plain reeled hank through the exemption would be nullified if duty is collected at the earlier stage .....

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..... in view the above position, it has been decided by the Board that removal of cops/cones for conversion into hanks under bond under Rule 96E may be continued. However as a measure of precaution demands may be raised and kept pending till a final decision in the matter is communicated. - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementind .....

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