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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Notification Exempts Cotton Fabrics Processed Without Power From Excise Duty Under Central Excise Tariff Act, 1985</h1> The Central Government issued Notification No. 127/87-C.E. on April 29, 1987, exempting cotton fabrics processed without power or steam from excise duty under the Central Excise Tariff Act, 1985. This exemption applies unless the quantity cleared by a manufacturer or factory exceeds 80% of the specified exemption limit in the current or preceding financial year. Manufacturers must submit a declaration and undertake to apply for a Central Excise License upon reaching 80% of the exemption limit. They must also maintain records and notify any changes in the information provided. The notification includes a form for compliance.
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