Repeal of excise duty provision removes additional excise duty on cloth under the Khadi and Handloom Industries Act. The Finance Act, 1990 repeals the Khadi and Other Handloom Industries Development (Additional Excise Duty on Cloth) Act, 1953, thereby removing the statutory basis for an additional excise duty on cloth and altering the excise framework applicable to khadi and handloom textiles.
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Repeal of excise duty provision removes additional excise duty on cloth under the Khadi and Handloom Industries Act.
The Finance Act, 1990 repeals the Khadi and Other Handloom Industries Development (Additional Excise Duty on Cloth) Act, 1953, thereby removing the statutory basis for an additional excise duty on cloth and altering the excise framework applicable to khadi and handloom textiles.
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