Excise exemption limits naphtha duty above a capped ad valorem rate under statutory power, via central notification. The central government exempts Naphtha under the tariff heading for Naphtha from excise duty to the extent that duty exceeds an amount calculated at a prescribed ad valorem rate, exercising statutory power under the Central Excise Act and framing the exemption as necessary in the public interest.
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Provisions expressly mentioned in the judgment/order text.
Excise exemption limits naphtha duty above a capped ad valorem rate under statutory power, via central notification.
The central government exempts Naphtha under the tariff heading for Naphtha from excise duty to the extent that duty exceeds an amount calculated at a prescribed ad valorem rate, exercising statutory power under the Central Excise Act and framing the exemption as necessary in the public interest.
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