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of <h1>Finance Act 1990 Fourth Schedule Revises Excise Duties on Textiles; Adjusts Rates for Cotton, Wool, and Tobacco Products.</h1> The Fourth Schedule of the Finance Act, 1990, amends the Additional Duties of Excise Act by revising duties on specific textile goods. Changes include updates to sub-headings and descriptions, such as altering duty rates for tobacco products and redefining categories for woven wool and cotton fabrics. Notably, the amendments specify new duty rates for various cotton and man-made fabrics, based on their manufacturing processes and material composition. The duties are generally set at 20% plus an additional Rs. 5 per square meter, with specific exclusions and conditions for different fabric types and processes.
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