Rebate on export-manufactured textile fabrics: monthly average rebate rate defined, with per-square-metre caps tied to chamber duty payments. Amendment inserts Explanation IV defining 'monthly average rate of rebate' by formula using D (rate of excise duty per chamber in the month of clearance), n (number of working chambers for which duty was paid) and Q (total quantity of processed textile fabrics manufactured). It adds a tariff entry for processed textile fabrics liable under Section 3A, specifying the monthly average rate of rebate per square metre subject to alternative maximum per-square-metre caps linked to the duty paid per chamber per month.
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Rebate on export-manufactured textile fabrics: monthly average rebate rate defined, with per-square-metre caps tied to chamber duty payments.
Amendment inserts Explanation IV defining 'monthly average rate of rebate' by formula using D (rate of excise duty per chamber in the month of clearance), n (number of working chambers for which duty was paid) and Q (total quantity of processed textile fabrics manufactured). It adds a tariff entry for processed textile fabrics liable under Section 3A, specifying the monthly average rate of rebate per square metre subject to alternative maximum per-square-metre caps linked to the duty paid per chamber per month.
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