Excise exemption limit raised for textile and RMG sectors, amending earlier notifications to expand coverage and thresholds. The Central Government amends specified Central Excise notifications to raise exemption thresholds for textile and RMG sectors by substituting higher monetary limits in earlier notifications and to insert specific exempted items (terry towels and woolen blankets of shoddy) into the relevant notification, thereby expanding the scope of the existing exemption framework under the Central Excise and Additional Duties statutes.
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Excise exemption limit raised for textile and RMG sectors, amending earlier notifications to expand coverage and thresholds.
The Central Government amends specified Central Excise notifications to raise exemption thresholds for textile and RMG sectors by substituting higher monetary limits in earlier notifications and to insert specific exempted items (terry towels and woolen blankets of shoddy) into the relevant notification, thereby expanding the scope of the existing exemption framework under the Central Excise and Additional Duties statutes.
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