Concessional duty for circular looms enabled to support jute mill modernisation, subject to textile ministry certification. Exemption reduces excise duty on circular looms under Chapter 84 to an effective concessional ad valorem rate for looms supplied to jute mills, contingent on the manufacturer producing, at clearance, a certificate from a senior Ministry of Textiles officer confirming the recipient mill's coverage under the Jute Modernisation Fund Scheme.
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Provisions expressly mentioned in the judgment/order text.
Concessional duty for circular looms enabled to support jute mill modernisation, subject to textile ministry certification.
Exemption reduces excise duty on circular looms under Chapter 84 to an effective concessional ad valorem rate for looms supplied to jute mills, contingent on the manufacturer producing, at clearance, a certificate from a senior Ministry of Textiles officer confirming the recipient mill's coverage under the Jute Modernisation Fund Scheme.
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