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of <h1>New Excise Duty Rates Announced for Fibres, Yarns, and Fabrics under Chapters 51-55 of Central Excise Tariff Act</h1> The notification prescribes effective rates of basic excise duty for various fibres, yarns, and fabrics under Chapters 51 to 55 of the Central Excise Tariff Act, 1985. The Central Government, under the Central Excises and Salt Act, 1944, provides exemptions on excise duty for certain goods, specifying rates based on the type and characteristics of the yarn or fabric. The rates vary depending on factors such as the material composition, count, and whether the goods are purchased by registered cooperatives or government-approved organizations for handloom development. The notification includes a detailed table listing the excise duty rates applicable to different categories of goods.
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