Seeks to exempt duties of excise on the goods falling within the Fourth Schedule to the Central Excise Act, 1944, in excess of amount calculated at the rate of 50% - 10/2018 - Central Excise - Tariff

India exempts specified goods from excise duties over 50% from select refineries under Central Excise Act, 1944.

The Government of India, through Notification No. 10/2018-Central Excise, exempts certain goods from excise duties exceeding 50% of the specified rates. This applies to goods within the Fourth Schedule of the Central Excise Act, 1944, cleared from specified refineries, including Numaligarh Refinery, Bongaigaon Refineries and Petrochemicals Limited, Indian Oil Corporation in Guwahati, and Assam Oil Division in Digboi. The exemption covers duties such as the Additional Duty of Excise (Road and Infrastructure Cess), Special Additional Excise Duty, and the Additional Duty of Excise (Agriculture Infrastructure and Development Cess). The exemption is also applicable to goods removed under bond to a warehouse.