Excise duty exemption for specified cotton fabrics limits duty to prescribed per square metre rates or nil for higher-value items. Exempts specified cotton fabrics from excise duty above amounts calculated at prescribed per square metre rates, pursuant to sub rule (1) of rule 8, Central Excise Rules, 1944 and the Schedule to the Central Excise Tariff Act, 1985. The annexed Table lists tariff headings and divides goods by yarn count and value per square metre bands, prescribing nominal per square metre charges for lower and mid value fabrics and declaring nil excise liability for fabrics exceeding certain value thresholds.
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Provisions expressly mentioned in the judgment/order text.
Excise duty exemption for specified cotton fabrics limits duty to prescribed per square metre rates or nil for higher-value items.
Exempts specified cotton fabrics from excise duty above amounts calculated at prescribed per square metre rates, pursuant to sub rule (1) of rule 8, Central Excise Rules, 1944 and the Schedule to the Central Excise Tariff Act, 1985. The annexed Table lists tariff headings and divides goods by yarn count and value per square metre bands, prescribing nominal per square metre charges for lower and mid value fabrics and declaring nil excise liability for fabrics exceeding certain value thresholds.
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