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of <h1>CNC Machine Tools Get Excise Duty Reduction to 5% Ad Valorem Under Section 5A of Central Excises and Salt Act.</h1> The Central Government, under the authority of Section 5A of the Central Excises and Salt Act, 1944, has issued Notification No. 253/88-C.E. dated September 16, 1988, to exempt CNC machine tools classified under Chapter 84 of the Central Excise Tariff Act, 1985, from a portion of the excise duty. The exemption reduces the duty to an amount calculated at a rate of 5 percent ad valorem, as it is deemed necessary in the public interest.
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