Additional excise duty in lieu of sales tax on cotton fabrics set rates by processing method and power use. Establishes Additional Excise Duty in lieu of sales tax for cotton fabrics under Chapters 54 and 55, exempting specified fabric descriptions from duty in excess of amounts calculated at rates set in the Table; rates vary by processing method and use of power or machines, ranging from Nil to a percentage of, or the full, duty leviable under referenced schedule headings, and include Nil exemptions for fabrics processed by certain handloom development corporations and approved cooperative societies.
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Provisions expressly mentioned in the judgment/order text.
Additional excise duty in lieu of sales tax on cotton fabrics set rates by processing method and power use.
Establishes Additional Excise Duty in lieu of sales tax for cotton fabrics under Chapters 54 and 55, exempting specified fabric descriptions from duty in excess of amounts calculated at rates set in the Table; rates vary by processing method and use of power or machines, ranging from Nil to a percentage of, or the full, duty leviable under referenced schedule headings, and include Nil exemptions for fabrics processed by certain handloom development corporations and approved cooperative societies.
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