1998 (9) TMI 261 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi ruled that the reduced rate of duty applicable from 1-3-1988 would not apply to yarn produced and removed prior to that date. Duty liability on yarn was determined at the date of removal for weaving, not at the date of fabric clearance. The appeal was dismissed as Rule 49A only postponed duty collection without shifting the levy point.