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of <h1>Government Sets 5% Excise Duty Cap for Specific Goods Under Chapters 84 and 85 in Public Interest</h1> The notification, dated February 28, 1993, issued by the Central Government under the Central Excises and Salt Act, 1944, prescribes effective excise duty rates for goods under specified heading numbers in Chapters 84 and 85 of the Central Excise Tariff Act, 1985. It exempts these goods from the excise duty amount exceeding 5% ad valorem, applicable to goods described under headings 84.02, 84.04, 84.06, 84.10 and 84.11, 85.01, 85.04, 85.32, and 85.35, as listed in the annexed table. This measure is deemed necessary in the public interest.
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