Excise duty exemption for paper goods produced from pulp in composite units restricts duty above specified rate; conditions apply. Exempts paper, paperboard and related articles under Chapter 48 from excise duty in excess of a specified ad valorem rate where the goods are manufactured in the same factory beginning at the pulp stage and the pulp contains at least fifty percent by weight of material other than bamboo, hard woods, soft woods, reeds (other than sarkanda) or rags; exemption is inapplicable for clearances on or after April first of any financial year if the manufacturer avails the separate exemption under Notification No. 1/93 during that financial year.
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Excise duty exemption for paper goods produced from pulp in composite units restricts duty above specified rate; conditions apply.
Exempts paper, paperboard and related articles under Chapter 48 from excise duty in excess of a specified ad valorem rate where the goods are manufactured in the same factory beginning at the pulp stage and the pulp contains at least fifty percent by weight of material other than bamboo, hard woods, soft woods, reeds (other than sarkanda) or rags; exemption is inapplicable for clearances on or after April first of any financial year if the manufacturer avails the separate exemption under Notification No. 1/93 during that financial year.
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