Excise duty exemption on specified rubber goods limits duty to prescribed effective rates, subject to usage and process conditions. Exempts specified Chapter 40 rubber goods from excise duty in excess of designated effective rates, subject to entry-specific conditions: preserved latex and certain rubber sheets are nil-rated; natural rubber latex is nil-rated when no manufacturing process uses power; most other rubber goods attract an ad valorem rate except specified tyre-resoling products; micro-cellular rubber sheets are nil-rated when used to manufacture footwear soles.
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 exemption on specified rubber goods limits duty to prescribed effective rates, subject to usage and process conditions.
Exempts specified Chapter 40 rubber goods from excise duty in excess of designated effective rates, subject to entry-specific conditions: preserved latex and certain rubber sheets are nil-rated; natural rubber latex is nil-rated when no manufacturing process uses power; most other rubber goods attract an ad valorem rate except specified tyre-resoling products; micro-cellular rubber sheets are nil-rated when used to manufacture footwear soles.
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