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of <h1>New Notification Sets 15% Additional Excise Duty on Textiles Under 1944 and 1978 Acts</h1> The Central Government has issued a notification prescribing an effective rate of additional excise duty on textiles and textile articles at 15% of the basic excise duty. This measure is enacted under the powers granted by the Central Excises and Salt Act, 1944, and the Additional Duties of Excise (Textile and Textile Articles) Act, 1978. The notification exempts goods within the specified schedule from excise duty exceeding the calculated rate, aiming to align with public interest considerations. The notification is identified as No. 53/90-C.E., dated March 20, 1990.
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