2015 (10) TMI 1807

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..... olyester Staple Fibre and Polyester Filament Yarn but also the Polyester Tow manufactured and captively consumed within the factory of production from plastic scrap or plastic waste/polyester waste including waste PET bottles. Since the duty demand in this case is for the period 8-5-2012 to March, 2013, the entire duty demand is covered by the retrospective amendment to Notification No. 24/2012-C. .....

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..... lly exempted from Central Excise duty, the Polyester Staple Yarn and Polyester Filament Yarn and Fibre manufactured from polyester waste including waste Polyethylene Teraphithalate (PET) bottles. Since this exemption notification did not cover Polyester Tow, the department was of the view that the Polyester Tow, which is captively used for manufacture of Polyester Fibre from polyester waste includ .....

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..... the sides, the matter was heard for final disposal. 4. Both the sides agree that by Section 111 of the Finance Act, 2014, Notification No. 24/2012-C.E., dated 8-5-2012 has been retrospectively amended w.e.f. 17-3-2012 and the amended notification exempts not only the Polyester Staple Fibre and Polyester Filament Yarn but also the Polyester Tow manufactured and captively consumed within the fact .....

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