Exemption of additional excise duty for man-made staple fibre fabrics where production follows an approved pricing programme. Notification exempts fabrics of man-made staple fibres under Headings 55.11 and 55.12 from additional excise duty insofar as it exceeds the amount computed at the rate of 50 paise per square metre, provided manufacture occurs under a programme approved by the Textile Commissioner and a Joint Secretary in the Ministry of Textiles and where maximum ex-factory prices are fixed under that programme; the exemption also covers defined fents, rags and chindies arising in manufacture up to an aggregate limit of eight per cent of clearances.
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Provisions expressly mentioned in the judgment/order text.
Exemption of additional excise duty for man-made staple fibre fabrics where production follows an approved pricing programme.
Notification exempts fabrics of man-made staple fibres under Headings 55.11 and 55.12 from additional excise duty insofar as it exceeds the amount computed at the rate of 50 paise per square metre, provided manufacture occurs under a programme approved by the Textile Commissioner and a Joint Secretary in the Ministry of Textiles and where maximum ex-factory prices are fixed under that programme; the exemption also covers defined fents, rags and chindies arising in manufacture up to an aggregate limit of eight per cent of clearances.
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