https://www.taxtmi.com/news?id=1025 Classification of quilts and quilted bedspreads was revised by the revenue authority to a non-textile heading, removing their eligibility for a general exemption; this reclassification exposes manufacturers to excise liability for the period previously covered. A separate exemption for handicraft items may apply if these products, often produced with significant manual stitching by specialist labour, qualify as handicraft, otherwise manufacturers face current and potential retrospective excise demands. en-us Wed, 21 Oct 2009 01:08:40 +0530 Wed, 21 Oct 2009 01:08:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1025 Classification of quilts and quilted bedspreads was revised by the revenue authority to a non-textile heading, removing their eligibility for a general exemption; this reclassification exposes manufacturers to excise liability for the period previously covered. A separate exemption for handicraft items may apply if these products, often produced with significant manual stitching by specialist labour, qualify as handicraft, otherwise manufacturers face current and potential retrospective excise demands. News - Wed, 21 Oct 2009 01:08:40 +0530 https://www.taxtmi.com/news?id=1025