Excise duty exemption limits levy on knitted and crocheted fabrics by prescribing effective rates across material and process categories. The Government exempts goods within Chapter 60 from excise duty to the extent that duty in excess of amounts calculated at prescribed effective rates in the notification's Table is not leviable. The Table prescribes nil effective rates for goods of cotton and man-made materials; nil where other textile materials have not been processed and no Modvat credit claimed; a specified ad valorem rate for other goods of other textile materials; and nil for goods made without processes ordinarily carried on with power or steam.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Excise duty exemption limits levy on knitted and crocheted fabrics by prescribing effective rates across material and process categories.
The Government exempts goods within Chapter 60 from excise duty to the extent that duty in excess of amounts calculated at prescribed effective rates in the notification's Table is not leviable. The Table prescribes nil effective rates for goods of cotton and man-made materials; nil where other textile materials have not been processed and no Modvat credit claimed; a specified ad valorem rate for other goods of other textile materials; and nil for goods made without processes ordinarily carried on with power or steam.
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