Government Waives Unpaid Excise Duties on Woollen Fabrics Processed Before Jan 1985 Under Section 11-C Exemption
The Central Government issued Notification No. 358/86-C.E. on June 26, 1986, granting an exemption from excise duty for woollen fabrics. This exemption applies to fabrics processed by entities not exclusively engaged in woollen fabric processing, where duties were short-levied under Section 3 of the Central Excises and Salt Act, 1944, and the Additional Duties of Excise Act, 1957, before January 16, 1985. The government, exercising its powers under Section 11-C of the Central Excises and Salt Act, declared that the unpaid excise and additional duties for this period will not be required to be paid.
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