Prescribing effective rates of additional excise duty (textiles and textile articles) at 15% of the basic excise duty. - 53/90 - Central Excise - Tariff

Prescribing effective rates of additional excise duty (textiles and textile articles) at 15% of the basic excise duty. Notification No. 53/90-C.E. Dated 20-3-1990 In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excises and Salt Act, 1944 (1 of 1944), read with sub-section (3) of section 3 of the Additional Duties of Excise (Textile and Textile Articles) Act, 1978 (40 of 1978), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts all goods falling within the Schedule to the Additional Duties of Excise (Textile and Textile Articles) Act, 1978, from so much of the duty of excise leviable thereon under the second mentioned Act, as is in excess of the amount calculated at the rate of fifteen per cent. of the duty of excise leviable under the Central Excises and Salt Act, 1944 (1 of 1944).