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of <h1>Government Issues Excise Duty Exemption for Polyester Yarn and Fibre under Notification No. 186/89-C.E.</h1> The Central Government, under the Central Excises and Salt Act, 1944, has issued Notification No. 186/89-C.E. dated October 24, 1989, granting an excise duty exemption for polyester filament yarn or polyester staple fibre under Heading 54.02 or 55.01 of the Central Excise Tariff Act, 1985. The exemption reduces the duty to 50% of the current rate and applies to manufacturers who began production after January 1, 1988, and whose factories are in government-declared backward areas. This notification is effective until October 31, 1990.
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