Exemption rate conversion from specific amount to ad valorem changes central excise tariff application and valuation approach. The amendment changes Notification No. 261/87-Central Excises by substituting the previously specified specific duty expressed per unit with a percentage-based ad valorem rate, thereby converting the exemption from a unit-based charge to a value-linked charge and altering the basis for calculating the concessional treatment provided by the earlier notification.
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Exemption rate conversion from specific amount to ad valorem changes central excise tariff application and valuation approach.
The amendment changes Notification No. 261/87-Central Excises by substituting the previously specified specific duty expressed per unit with a percentage-based ad valorem rate, thereby converting the exemption from a unit-based charge to a value-linked charge and altering the basis for calculating the concessional treatment provided by the earlier notification.
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