Benefit of exemption from excise duty to be continued on Polyester Staple Fiber till issue of circular imposing duty

GST/Excise/ST/VAT : Where assessee was engaged in manufacture of Polyester Staple Fibre [PSF] and was clearing said product by availing benefit of exemption from duty in terms of Note 1 to Chapter 54 of Central Excise Tariff Act and revenue based upon Circular No. 929/19/2010 - CX, dated 29-6-2010 issued on assessee show cause notice alleging that product PSF was classifiable under Chapter 55 and assessee was liable to pay duty of excise, no duty liability could be created against assessee befor

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