2006 (2) TMI 54

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..... 06 - The respondent manufactures textured yarn from non-textured yarn. The textured yarn so manufactured was exempt under Notification No 178/83-CE. That exemption was repealed with effect from 1.3.94. The respondent was also at liberty to work under Rule 56A during the period when the exemption was repealed. Therefore, the Tribunal remanded the case to the revenue authorities directing t .....

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..... clear that the benefit of that notification is on condition that no credit of duty is taken under Rule 56A. The contention of the learned counsel is that once the notification specifically recognizes the alternate benefit under Rule 56A, the assessees were are at liberty to either follow 56A procedure or to avail of Notification 70/94. Learned counsel also submits that the decision of the Commiss .....

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