Excise exemption for rubber used in tyre repair limits duty on eligible first clearances, subject to aggregate cap and exclusions. Exemption limits excise duty on specified rubber materials used for tyre resoling, repairing or retreading by capping duty at a reduced ad valorem rate for eligible first clearances up to an aggregate value per financial year, subject to valuation rules. It excludes manufacturers or factories whose preceding year clearances exceeded the aggregate limit and excludes goods bearing another person's brand; nil rated or otherwise fully exempt clearances are not counted in computing the aggregate. Definitions for value and brand and commencement date are specified.
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Excise exemption for rubber used in tyre repair limits duty on eligible first clearances, subject to aggregate cap and exclusions.
Exemption limits excise duty on specified rubber materials used for tyre resoling, repairing or retreading by capping duty at a reduced ad valorem rate for eligible first clearances up to an aggregate value per financial year, subject to valuation rules. It excludes manufacturers or factories whose preceding year clearances exceeded the aggregate limit and excludes goods bearing another person's brand; nil rated or otherwise fully exempt clearances are not counted in computing the aggregate. Definitions for value and brand and commencement date are specified.
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