1986 (4) TMI 247 - AT - Income Tax

Summary

The case involves the correct classification of metallised yarn by the appellants, which was classified as synthetic yarn under Item 18 of the Central Excise Tariff by lower authorities. The appellant argued that their product is not yarn within the meaning of the Tariff Item 18. The Tribunal referred to various court decisions and concluded that the goods should be classified under Item No. 15A(2) and not Item No. 18. The appeal was allowed.