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of <h1>Govt exempts synthetic tow from excise duty for 1986-1988 period under Central Excise Tariff Act, 1985.</h1> The Central Government issued Notification No. 42/90-C.E. (N.T.) on October 24, 1990, granting an exemption from excise duty for synthetic tow used in manufacturing staple fibers and tops from February 28, 1986, to May 31, 1988. This decision was based on the prevalent practice of not levying excise duty under the Central Excises and Salt Act, 1944, during that period. The exemption applies to synthetic tow classified under heading 55.01 of the Central Excise Tariff Act, 1985, and ensures that no excise duty is required for the specified period.
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