Effective rates of basic excise duty on cotton fabrics processed without the aid of power or steam - 071/88 - Central Excise - Tariff

Effective rates of basic excise duty on cotton fabrics processed without the aid of power or steam Notification No. 71/88-C.E. Dated 1-3-1988 In exercise of the powers conferred by sub-rule (1) of rule 8 of the Central Excise Rules, 1944, and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 56/87-Central Excises, dated the 1st March, 1987, the Central Government hereby exempts goods of the description specified in column (3) of the Table hereto annexed and falling under heading No. of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), specified in column (2) of the said Table, from so much of the duty of excise leviable thereon which is specified in the said Schedule as is in excess of the amount calculated at the rate specified in the corresponding entry in column (4) of the said Table. THE TABLE S. No. Heading No. Description of goods Rate of duty (1) (2) (3) (4) 01. 52.07 and 52.08 Cotton fabrics processed without the aid of power or steam. Twenty-five per cent of the duty leviable under heading No. 52.06 of the said Schedule read with any notification, for the time being in force, depending upon the average count of the yarn in the fabric and the value per square metre of the fabric.