Excise duty rate reduction for textiles: statutory amendment lowers the duty and revises the schedule accordingly. Amendment reduces the excise duty rate in section 3(1) of the Additional Duties of Excise (Textiles and Textile Articles) Act, 1978 by substituting a lower percentage and directs amendment of the Schedule as specified in the Fifth Schedule to the Finance (No. 2) Act, 1996.
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Excise duty rate reduction for textiles: statutory amendment lowers the duty and revises the schedule accordingly.
Amendment reduces the excise duty rate in section 3(1) of the Additional Duties of Excise (Textiles and Textile Articles) Act, 1978 by substituting a lower percentage and directs amendment of the Schedule as specified in the Fifth Schedule to the Finance (No. 2) Act, 1996.
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