Excise duty classification changes expand and restructure textile and tobacco tariff subheadings, altering duty bases and rates. The Schedule amends the Fourth Schedule to the Finance Act, 1987 by substituting and inserting sub heading entries, renumbering tariff lines, and revising additional excise duty expressions. It reclassifies tobacco items (adding a nil rated cut tobacco sub heading and redefining chewing tobacco and snuff entries) and restructures cotton and synthetic fabric headings into value banded sub headings with percentage rates and fixed per square metre additions, aligning duty incidence with fabric composition, processing method and value thresholds.
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Excise duty classification changes expand and restructure textile and tobacco tariff subheadings, altering duty bases and rates.
The Schedule amends the Fourth Schedule to the Finance Act, 1987 by substituting and inserting sub heading entries, renumbering tariff lines, and revising additional excise duty expressions. It reclassifies tobacco items (adding a nil rated cut tobacco sub heading and redefining chewing tobacco and snuff entries) and restructures cotton and synthetic fabric headings into value banded sub headings with percentage rates and fixed per square metre additions, aligning duty incidence with fabric composition, processing method and value thresholds.
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