Excise exemption for cotton sewing thread limits duty to a specified ad valorem rate, reducing excess tariff burden. Cotton sewing thread not containing synthetic staple fibre is exempted from that part of excise duty which exceeds the amount calculated at an ad valorem rate of 5%, effected by exercising statutory powers to limit duty leviable under the Central Excise Tariff to that prescribed rate for the specified goods.
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Provisions expressly mentioned in the judgment/order text.
Excise exemption for cotton sewing thread limits duty to a specified ad valorem rate, reducing excess tariff burden.
Cotton sewing thread not containing synthetic staple fibre is exempted from that part of excise duty which exceeds the amount calculated at an ad valorem rate of 5%, effected by exercising statutory powers to limit duty leviable under the Central Excise Tariff to that prescribed rate for the specified goods.
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