Aggregate excise duty cap on processed textile fabrics limits central and additional duties apportioned equally. Exempts specified processed textile fabrics from that part of the aggregate excise duty exceeding sixteen per cent. ad valorem, and directs that the aggregate duty up to that rate be apportioned equally between Central Excise and Additional Duties of Excise (Goods of Special Importance). The Table enumerates covered tariff entries and goods; S.No.3 defines 'independent processor' and provides that the fabrics' value shall be 40% of the value determined under section 4 of the Central Excise Act.
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Aggregate excise duty cap on processed textile fabrics limits central and additional duties apportioned equally.
Exempts specified processed textile fabrics from that part of the aggregate excise duty exceeding sixteen per cent. ad valorem, and directs that the aggregate duty up to that rate be apportioned equally between Central Excise and Additional Duties of Excise (Goods of Special Importance). The Table enumerates covered tariff entries and goods; S.No.3 defines "independent processor" and provides that the fabrics' value shall be 40% of the value determined under section 4 of the Central Excise Act.
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