Excise amendment: expanded statutory definition of cloth and increase in additional excise duty rate on specified textiles. Amendment revises the Khadi and other Handloom Industries Development (Additional Excise Duty on Cloth) Act, 1953 by expanding the statutory definition of cloth through specified Central Excise Tariff headings and substituting a higher per square metre charge in the operative rate provision, thereby broadening coverage and increasing the additional excise duty on the listed textile fabrics.
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Excise amendment: expanded statutory definition of cloth and increase in additional excise duty rate on specified textiles.
Amendment revises the Khadi and other Handloom Industries Development (Additional Excise Duty on Cloth) Act, 1953 by expanding the statutory definition of cloth through specified Central Excise Tariff headings and substituting a higher per square metre charge in the operative rate provision, thereby broadening coverage and increasing the additional excise duty on the listed textile fabrics.
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