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of <h1>Excise duty caps and Nil rates for tobacco, cigarettes, biris and tobacco substitutes under Chapter 24 notification</h1> Excisable goods classifiable under Chapter 24 of the Fourth Schedule to the Central Excise Act, 1944 are exempted from so much of basic excise duty as is in excess of the concessional rates prescribed for the specified tariff items. The notification fixes Nil duty for specified goods under headings 2401 and 240210 and for certain tobacco-substitute products and other listed items, and prescribes specific or ad valorem rates for various categories of cigarettes and tobacco products (including per-thousand rates for cigarettes and biris and percentage rates for hukkah/gudaku tobacco, smoking mixtures, chewing tobacco, snuff, extracts/essence, and reconstituted tobacco). The operative effect is that duty on covered goods is capped at the stated rates.
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