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of <h1>Central Government sets 10% excise duty cap for goods under sub-heading 0701.10 via Notification No. 5/90-C.E.</h1> The Central Government, under the authority of the Central Excises and Salt Act, 1944, has issued Notification No. 5/90-C.E. dated March 20, 1990, prescribing an effective basic excise duty rate of 10% ad valorem for goods classified under sub-heading No. 0701.10 of the Central Excises Tariff Act, 1985. This notification exempts these goods from any excise duty exceeding the specified 10% rate, as deemed necessary in the public interest.
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