Excise duty concession for jute yarn permits duty-free domestic sale by EOUs and FTZs; reduced duty for knitted fabrics. Amendments exempt jute yarn and jute goods manufactured wholly from indigenous raw materials in a hundred per cent export-oriented undertaking or a free trade zone from excise duty when allowed to be sold in India, and impose a concessional excise rate equal to fifty per cent of the tariff duty on specified knitted or crocheted cotton and certain manmade-fibre fabrics by inserting these items into the notification table.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Excise duty concession for jute yarn permits duty-free domestic sale by EOUs and FTZs; reduced duty for knitted fabrics.
Amendments exempt jute yarn and jute goods manufactured wholly from indigenous raw materials in a hundred per cent export-oriented undertaking or a free trade zone from excise duty when allowed to be sold in India, and impose a concessional excise rate equal to fifty per cent of the tariff duty on specified knitted or crocheted cotton and certain manmade-fibre fabrics by inserting these items into the notification table.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
