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of <h1>Government Reduces Excise Duty to 15% for Goods Under Sub-heading 6807.00 per Rule 8(1) Notification</h1> The Central Government, exercising its authority under rule 8(1) of the Central Excise Rules, 1944, has issued Notification No. 132/88-C.E. dated March 15, 1988. This notification grants an exemption for goods classified under sub-heading 6807.00 of the Central Excise Tariff Act, 1985. The exemption applies to the excise duty levied on these goods, reducing it to an amount calculated at a rate of fifteen percent ad valorem, thereby lowering the duty from the rate specified in the Schedule.
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