Excise duty cap limits levy on specified textile goods and apportions liability between central and additional duties. The notification exempts specified textile and related goods from that part of the aggregate duty (Central Excise duty plus Additional Duties) in excess of sixteen per cent. ad valorem for goods listed in the accompanying Table. The sixteen per cent. aggregate duty is apportioned equally between duties under the Central Excise Act and the Additional Duties Act, and declared duty credit is allowable only on the portion apportioned to the Central Excise Act. A proviso and an Explanation limit application to certain independent processors and define valuation and eligibility for the handloom-related exemption.
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Provisions expressly mentioned in the judgment/order text.
Excise duty cap limits levy on specified textile goods and apportions liability between central and additional duties.
The notification exempts specified textile and related goods from that part of the aggregate duty (Central Excise duty plus Additional Duties) in excess of sixteen per cent. ad valorem for goods listed in the accompanying Table. The sixteen per cent. aggregate duty is apportioned equally between duties under the Central Excise Act and the Additional Duties Act, and declared duty credit is allowable only on the portion apportioned to the Central Excise Act. A proviso and an Explanation limit application to certain independent processors and define valuation and eligibility for the handloom-related exemption.
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