Effective excise rates for mica and building products set reduced ad valorem duties, with select items exempted. The notification exempts goods of the descriptions specified under Chapter 68 from so much of the duty of excise as exceeds the amount calculated at the effective rates set in the Table. For heading 68.07: certain articles (mica, mosaic tiles, goods manufactured at construction sites, lightweight concrete blocks) attract nil; prefabricated building intermediates attract 10% ad valorem; floor coverings in rolls or tiles attract 30% ad valorem. All other goods under headings 68.01-68.07, excluding those listed and goods under 68.04, attract 20% ad valorem.
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Effective excise rates for mica and building products set reduced ad valorem duties, with select items exempted.
The notification exempts goods of the descriptions specified under Chapter 68 from so much of the duty of excise as exceeds the amount calculated at the effective rates set in the Table. For heading 68.07: certain articles (mica, mosaic tiles, goods manufactured at construction sites, lightweight concrete blocks) attract nil; prefabricated building intermediates attract 10% ad valorem; floor coverings in rolls or tiles attract 30% ad valorem. All other goods under headings 68.01-68.07, excluding those listed and goods under 68.04, attract 20% ad valorem.
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