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of <h1>Government Issues Notification No. 55/87-C.E. Granting Excise Duty Exemptions for Specified Cotton Fabrics Based on Yarn Count and Value</h1> The Central Government issued Notification No. 55/87-C.E. on March 1, 1987, under the Central Excise Rules, 1944, granting exemptions on certain specified cotton fabrics from excise duty. The notification details exemptions based on the average count of yarn and the value per square metre. For cotton fabrics with an average yarn count of less than 51, different rates apply depending on the value per square metre, ranging from 20 to 80 paise. Fabrics with a value exceeding twenty-five rupees per square metre, under specified headings, are exempt from excise duty.
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