Excise tariff amendment: textile exemptions and revised duty structure impose conditional nil and ad valorem rates. The notification amends three Central Excise exemptions and tariff entries under section 5A, adding certain unprocessed textile trimmings (braids, ornamental trimmings without embroidery, tassels, pompons) at a nil rate, substituting a nil rate entry for rubberised textile fabrics (other than tyre cord fabric), and replacing the Table of rates to distinguish goods made with power (cotton and man made materials nil; other materials nil if unprocessed and no Modvat credit claimed, otherwise 15% ad valorem) from knitted narrow elastomeric fabrics at 15% ad valorem and goods made without power at nil.
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Excise tariff amendment: textile exemptions and revised duty structure impose conditional nil and ad valorem rates.
The notification amends three Central Excise exemptions and tariff entries under section 5A, adding certain unprocessed textile trimmings (braids, ornamental trimmings without embroidery, tassels, pompons) at a nil rate, substituting a nil rate entry for rubberised textile fabrics (other than tyre cord fabric), and replacing the Table of rates to distinguish goods made with power (cotton and man made materials nil; other materials nil if unprocessed and no Modvat credit claimed, otherwise 15% ad valorem) from knitted narrow elastomeric fabrics at 15% ad valorem and goods made without power at nil.
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