Excise duty exemptions replace scheduled rates with prescribed effective rates for specified tariffed goods, modulating tax liability. The notification exempts specified goods listed by tariff entry from excise duty to the extent that duty exceeds the effective rates set in the Table, replacing schedule liabilities with lower rates (nil, specified ad valorem percentages, or fixed per-unit amounts) based on product descriptions and tariff headings; an explanatory clause defines 'Ice-cream.'
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.
Excise duty exemptions replace scheduled rates with prescribed effective rates for specified tariffed goods, modulating tax liability.
The notification exempts specified goods listed by tariff entry from excise duty to the extent that duty exceeds the effective rates set in the Table, replacing schedule liabilities with lower rates (nil, specified ad valorem percentages, or fixed per-unit amounts) based on product descriptions and tariff headings; an explanatory clause defines "Ice-cream."
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