Cess on textiles levied ad valorem under Textile Committee Act; exempts handloom and powerloom textiles. The Central Government, under sub-section (1) of section 5(A) of the Textile Committee Act, 1963, fixes 0.050 per cent ad valorem as the rate at which an excise duty (cess) shall be levied and collected on all textiles and on all textile machinery manufactured in India, superseding the prior 1975 notification, and excluding textiles manufactured by the handloom or powerloom industry.
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Cess on textiles levied ad valorem under Textile Committee Act; exempts handloom and powerloom textiles.
The Central Government, under sub-section (1) of section 5(A) of the Textile Committee Act, 1963, fixes 0.050 per cent ad valorem as the rate at which an excise duty (cess) shall be levied and collected on all textiles and on all textile machinery manufactured in India, superseding the prior 1975 notification, and excluding textiles manufactured by the handloom or powerloom industry.
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