Newsprint in reels – retrospective exemption
By Notification No. 23/2004 dated 9.7.2004, newsprint in reels was exempted from excise duty. It seems that from 1.3.1988 duty was not being realised on newsprint. Now the Government has issued a Section 11C notification exempting the newsprint on which duty was not levied. Section 11C is a statutory provision for retrospective exemption.
NOTIFICATION NO. Dated : August 22, 2005