Excise duty exemption for specified textile machinery limits excise liability to a reduced ad valorem rate under notification. Exempts specified textile machines in Chapter 84 from excise duty in excess of a reduced ad valorem charge, limiting payable duty to that lower rate for listed goods: open-end rotor spinning machines, shuttle-less looms (including air and water jet looms), auto cone winding machines and two-for-one twisters.
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Excise duty exemption for specified textile machinery limits excise liability to a reduced ad valorem rate under notification.
Exempts specified textile machines in Chapter 84 from excise duty in excess of a reduced ad valorem charge, limiting payable duty to that lower rate for listed goods: open-end rotor spinning machines, shuttle-less looms (including air and water jet looms), auto cone winding machines and two-for-one twisters.
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