Exemption for rags and trimmings from excise when produced in export oriented undertakings and sold in India. The notification exempts rags, trimmings and tailor cuttings from the whole of the duty of excise when produced in a hundred per cent export oriented undertaking or a free trade zone and allowed to be sold in India under the Export and Import Policy, subject to the percentage of waste not exceeding the limit fixed by the Board of Approvals for hundred per cent export oriented undertakings.