Exemption for paper made from unconventional raw materials limits excise duty to a capped ad valorem rate on initial clearances. Exempts Chapter 48 paper and paperboard manufactured starting at pulp containing not less than 50% unconventional-pulp by weight, from excise duty in excess of the amount computed at 10% ad valorem, for first clearances from a factory up to an aggregate of 33,000 tonnes in a financial year. Exemption is subject to disqualification if prior year clearances exceeded the tonnage, if the factory has bamboo or wood pulp plant, or if the manufacturer avails a specified alternative exemption; rules clarify aggregation and exclusions for nil-rated or otherwise exempt clearances.
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.
Exemption for paper made from unconventional raw materials limits excise duty to a capped ad valorem rate on initial clearances.
Exempts Chapter 48 paper and paperboard manufactured starting at pulp containing not less than 50% unconventional-pulp by weight, from excise duty in excess of the amount computed at 10% ad valorem, for first clearances from a factory up to an aggregate of 33,000 tonnes in a financial year. Exemption is subject to disqualification if prior year clearances exceeded the tonnage, if the factory has bamboo or wood pulp plant, or if the manufacturer avails a specified alternative exemption; rules clarify aggregation and exclusions for nil-rated or otherwise exempt clearances.
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