Excise duty cap limits additional levy by exempting duty exceeding the statutory ad valorem threshold for specified goods. The notification exempts all goods under tariff sub heading 9605.10 from so much of the excise duty specified in the Schedule as is in excess of 70% ad valorem, implemented by exercise of the Central Government's statutory power under the Central Excises and Salt Act.
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Excise duty cap limits additional levy by exempting duty exceeding the statutory ad valorem threshold for specified goods.
The notification exempts all goods under tariff sub heading 9605.10 from so much of the excise duty specified in the Schedule as is in excess of 70% ad valorem, implemented by exercise of the Central Government's statutory power under the Central Excises and Salt Act.
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