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of <h1>Govt Grants Excise Duty Exemption for Specific Video Cassettes Under Chapter 85, Central Excise Tariff Act 1985</h1> The Central Government, under the Central Excises and Salt Act, 1944, has issued Notification No. 266/88-C.E. dated 14-10-1988, granting an exemption from excise duty for specific video cassettes classified under Chapter 85 of the Central Excise Tariff Act, 1985. The exemption applies to video cassettes containing half-inch width tapes, provided they are made from video tapes or cassettes on which excise duty of Rs. 10 per square meter has already been paid. This exemption is aimed at promoting public interest by reducing the excise duty burden on these specified goods.
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