Exemption for specified cotton fabrics from additional excise duty, prescribing reduced rates based on yarn count and fabric value. The notification exercises powers under rule 8(1) of the Central Excise Rules, 1944 read with sub section (3) of section 3 of the Additional Duties of Excise Act, 1957 to exempt specified cotton fabrics from a portion of the additional duty by prescribing chargeable rates for listed tariff sub headings, with application and calculation linked to average yarn count and value per square metre as per any notifications in force.
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Provisions expressly mentioned in the judgment/order text.
Exemption for specified cotton fabrics from additional excise duty, prescribing reduced rates based on yarn count and fabric value.
The notification exercises powers under rule 8(1) of the Central Excise Rules, 1944 read with sub section (3) of section 3 of the Additional Duties of Excise Act, 1957 to exempt specified cotton fabrics from a portion of the additional duty by prescribing chargeable rates for listed tariff sub headings, with application and calculation linked to average yarn count and value per square metre as per any notifications in force.
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