Effective excise rate caps applied to specified goods, limiting excise liability to notified rates subject to conditions. The notification exempts goods specified in the Table (Chapters 11-96) from that portion of excise duty which exceeds the rate notified in column (4) (ad valorem unless indicated), by prescribing for each listed chapter/heading a fixed effective rate or specific per unit rate; applicability is subject to conditions in the Annexure, including non availability of input duty credit, use within the factory of production, supply against prescribed purchase orders or certifications, and other procedural requirements.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Effective excise rate caps applied to specified goods, limiting excise liability to notified rates subject to conditions.
The notification exempts goods specified in the Table (Chapters 11-96) from that portion of excise duty which exceeds the rate notified in column (4) (ad valorem unless indicated), by prescribing for each listed chapter/heading a fixed effective rate or specific per unit rate; applicability is subject to conditions in the Annexure, including non availability of input duty credit, use within the factory of production, supply against prescribed purchase orders or certifications, and other procedural requirements.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
