Effective Excise Rate on textile fibres and yarns: government prescribes reduced duty ceilings and exemptions for specified items and conditions Central Government exempts specified fibres, yarns and fabrics within the tariff headings of Chapters 51-56 from excise duty to the extent such duty exceeds prescribed effective rates listed in the annexed Table. Each Table entry identifies the tariff heading, goods description and the maximum excise rate (including nil) applicable. Rates vary by material, supply form, denier ranges, manufacturing process (including non power production), purchaser status (notably registered handloom co operatives and government approved organisations), and input credit treatment under the Central Excise Rules.
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Effective Excise Rate on textile fibres and yarns: government prescribes reduced duty ceilings and exemptions for specified items and conditions
Central Government exempts specified fibres, yarns and fabrics within the tariff headings of Chapters 51-56 from excise duty to the extent such duty exceeds prescribed effective rates listed in the annexed Table. Each Table entry identifies the tariff heading, goods description and the maximum excise rate (including nil) applicable. Rates vary by material, supply form, denier ranges, manufacturing process (including non power production), purchaser status (notably registered handloom co operatives and government approved organisations), and input credit treatment under the Central Excise Rules.
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