Excise exemption for polyester yarn and staple fibre reduces duty to half for eligible new manufacturers in backward areas. Central Government exempts polyester filament yarn and polyester staple fibre under Headings 54.02 and 55.01 from excise duty in excess of the amount calculated at 50% of the duty then leviable, subject to other notifications. The exemption is available only to manufacturers who began production for the first time on or after the prescribed commencement date and whose factories are located in government-declared backward areas, and it is temporal until the specified terminal date under the statutory power granted by the excise law.
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Excise exemption for polyester yarn and staple fibre reduces duty to half for eligible new manufacturers in backward areas.
Central Government exempts polyester filament yarn and polyester staple fibre under Headings 54.02 and 55.01 from excise duty in excess of the amount calculated at 50% of the duty then leviable, subject to other notifications. The exemption is available only to manufacturers who began production for the first time on or after the prescribed commencement date and whose factories are located in government-declared backward areas, and it is temporal until the specified terminal date under the statutory power granted by the excise law.
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