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of <h1>Central Government Sets 70% Excise Duty Cap on Goods Under Sub-heading 9605.10 as per Notification No. 72/93-C.E.</h1> The Central Government, under the authority of the Central Excises and Salt Act, 1944, has issued Notification No. 72/93-C.E. dated February 28, 1993, setting an effective excise duty rate of 70% ad valorem on all goods classified under sub-heading No. 9605.10 of the Central Excise Tariff Act, 1985. This decision aims to exempt these goods from any excise duty exceeding 70% in the interest of public welfare.
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