Excise duty amendment updates ad valorem rates and adds specific textile categories to the Additional Duties of Excise schedule. Amendment to the First Schedule of the Additional Duties of Excise (Goods of Special Importance) Act, 1957 substitutes new ad valorem duty entries for ... Summary
Excise duty amendment updates ad valorem rates and adds specific textile categories to the Additional Duties of Excise schedule.
Amendment to the First Schedule of the Additional Duties of Excise (Goods of Special Importance) Act, 1957 substitutes new ad valorem duty entries for Item No. 1 and for Item No. 22 sub item (1) and inserts additional textile descriptors (including butta fabrics and round mesh mosquito netting) into Item No. 19 sub item I(1) after the word "lappet", thereby altering schedule classification and duty applicability.
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