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of <h1>India exempts Chaddar and Terry Towels from excise duty between April 2003 and July 2004 under Notification 18/2008.</h1> The Government of India, through Notification No. 18/2008 dated March 27, 2008, exempts Chaddar and Terry Towels from excise duty from April 1, 2003, to July 8, 2004. This exemption applies to goods described in the notification when used in the manufacture of final products, provided they were cleared under specific previous exemptions. The benefit is contingent upon reversing any input credit taken for inputs used in manufacturing these goods. This notification addresses a prevalent practice where excise duty was not levied during the specified period.
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