Excise duty exemption on specified textile yarns and films limits liability to stated effective rates, subject to procedural conditions. The notification exempts specified textile films, yarns and related articles under Chapters 51-56 from excise duty in excess of stated effective rates by listing chapter/headings, descriptions and corresponding nil, ad valorem or specific rates; it conditions some exemptions on Assistant Collector satisfaction that goods are exported or used in export manufacture and on purchases by registered handloom corporations paid by cheque from their own bank accounts.
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 on specified textile yarns and films limits liability to stated effective rates, subject to procedural conditions.
The notification exempts specified textile films, yarns and related articles under Chapters 51-56 from excise duty in excess of stated effective rates by listing chapter/headings, descriptions and corresponding nil, ad valorem or specific rates; it conditions some exemptions on Assistant Collector satisfaction that goods are exported or used in export manufacture and on purchases by registered handloom corporations paid by cheque from their own bank accounts.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
