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of <h1>Central Government amends excise duty rules; wool fabrics exempt if made from shoddy yarn or under Rs. 40/sqm.</h1> The Central Government, exercising its powers under the Central Excise Rules, 1944, has amended a previous notification regarding the effective rates of duty for certain goods. This amendment pertains to goods classified under Chapter 51, specifically woven fabrics of wool. The notification specifies that these fabrics are exempt from duty if they do not contain worsted yarn, or are made of shoddy yarn, and if their value does not exceed Rs. 40 per square meter. This change is reflected in the substitution of entries in the original notification dated March 1, 1986.
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