Budget 2002 Changes - No Addl. Duty in Lieu of Sales Tax - Provision for Woven Fabrics Changed - More Items Exempted - 026/2002 - Central Excise - Tariff

Central Excise exemptions expanded for woven fabrics and diverse goods, altering duty incidence and notification conditions after Budget changes

The Central Government amends multiple Central Excise notifications to expand exemptions and modify tariff and condition entries introduced in Budget 2002. Revisions focus on woven fabrics-distinguishing cotton and man-made fibre processing, adding specific processed and unprocessed pile and terry fabrics to exemption lists, and creating separate tariff entries for fabrics subjected to named finishing operations. The amendments also add exemptions for numerous parts, components, and manufacturing waste, adjust conditions on factory facilities and CENVAT credit treatment, and provide provisos on inclusion of early-April clearances in aggregate computations and non admissibility of refunds.