Excise exemption for fireworks limits duty to a prescribed ad valorem rate under central notification. Exemption reduces excise liability on fireworks and related pyrotechnic articles under tariff heading 36.04 by exempting duty in excess of an amount computed at a fixed ad valorem rate, granted by government notification under statutory power in the public interest.
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Provisions expressly mentioned in the judgment/order text.
Excise exemption for fireworks limits duty to a prescribed ad valorem rate under central notification.
Exemption reduces excise liability on fireworks and related pyrotechnic articles under tariff heading 36.04 by exempting duty in excess of an amount computed at a fixed ad valorem rate, granted by government notification under statutory power in the public interest.
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