Excise exemption for lac added to the tariff schedule, making lac subject to a nil central excise rate under the notification. The Central Government amends Notification No. 4/97-Central Excise by inserting a new table entry (1A) designating tariff item 13 for lac and prescribing a Nil rate of central excise duty, thereby exempting lac under the notification's miscellaneous exemptions.
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Excise exemption for lac added to the tariff schedule, making lac subject to a nil central excise rate under the notification.
The Central Government amends Notification No. 4/97-Central Excise by inserting a new table entry (1A) designating tariff item 13 for lac and prescribing a Nil rate of central excise duty, thereby exempting lac under the notification's miscellaneous exemptions.
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