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of <h1>Government Reduces Excise Duty on Cellulose Insole Boards, Exempting Duty Over 15% as per Notification No. 85/93-C.E.</h1> The Central Government, under the authority of the Central Excises and Salt Act, 1944, has issued Notification No. 85/93-C.E. dated May 4, 1993, exempting cellulose insole board or sheets classified under Chapter 48 of the Central Excise Tariff Act, 1985, from a portion of the excise duty. The exemption applies to the extent that the duty exceeds 15% ad valorem, aiming to serve the public interest by reducing the financial burden associated with these products.
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