Excise tariff amendment alters textile classifications and exemption slabs, expanding covered yarns and revising applicable rates and eligibility. The notification amends prior central excise notifications to modify tariff headings, expand product descriptions to include additional yarns and fabrics, insert new table entries (notably for jute yarn), revise eligibility conditions and purchaser-specific slabs for yarn exemptions, substitute and delete serial entries, alter unit rates in the annexed Tables, and add an Explanation clarifying that certain waste items are included within the expression 'synthetic textile material' for a specified table entry.
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Excise tariff amendment alters textile classifications and exemption slabs, expanding covered yarns and revising applicable rates and eligibility.
The notification amends prior central excise notifications to modify tariff headings, expand product descriptions to include additional yarns and fabrics, insert new table entries (notably for jute yarn), revise eligibility conditions and purchaser-specific slabs for yarn exemptions, substitute and delete serial entries, alter unit rates in the annexed Tables, and add an Explanation clarifying that certain waste items are included within the expression "synthetic textile material" for a specified table entry.
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