Excise duty exemption: capped effective rates apply to specified textile items, limiting excise liability accordingly. Exempts specified Chapter 56 goods by capping excise at the stated effective rates in the Table; duty in excess of those rates is exempted. The Table prescribes ad valorem rates or nil rates for listed items, distinguishing metallised yarn, classes of twine, cordage, rope and cables by material and mode of manufacture, and treating certain finished articles and fishing nets as nil rated.
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.
Exempts specified Chapter 56 goods by capping excise at the stated effective rates in the Table; duty in excess of those rates is exempted. The Table prescribes ad valorem rates or nil rates for listed items, distinguishing metallised yarn, classes of twine, cordage, rope and cables by material and mode of manufacture, and treating certain finished articles and fishing nets as nil rated.
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