Concessional excise applicability confirmed for films produced from duty-exempt inputs, treating nil-duty inputs as duty discharged. The circular clarifies that the expression 'duty already paid' encompasses cases where the duty on an input is nil; polyester chips subjected to a nil excise rate are deemed to have discharged leviable duty, and films made from those chips qualify for the notified concessional excise rate of 25% ad valorem.
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Provisions expressly mentioned in the judgment/order text.
Concessional excise applicability confirmed for films produced from duty-exempt inputs, treating nil-duty inputs as duty discharged.
The circular clarifies that the expression "duty already paid" encompasses cases where the duty on an input is nil; polyester chips subjected to a nil excise rate are deemed to have discharged leviable duty, and films made from those chips qualify for the notified concessional excise rate of 25% ad valorem.
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