Excise duty exemption caps payable duty for specified tariff goods at a fixed ad valorem rate under statutory public interest power. Exemption limits excise duty on goods falling under sub heading No. 6908.10 to an amount not exceeding the duty calculated at an ad valorem rate of thirty percent, pursuant to the Central Government's power to exempt duties under the relevant statute on grounds of public interest and by reference to the Schedule to the Central Excise Tariff Act, 1985.
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Excise duty exemption caps payable duty for specified tariff goods at a fixed ad valorem rate under statutory public interest power.
Exemption limits excise duty on goods falling under sub heading No. 6908.10 to an amount not exceeding the duty calculated at an ad valorem rate of thirty percent, pursuant to the Central Government's power to exempt duties under the relevant statute on grounds of public interest and by reference to the Schedule to the Central Excise Tariff Act, 1985.
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