Excise duty exemption for certain motor vehicles reduces duty; additional relief for saloon cars registered as taxis subject to conditions. Goods under Heading No. 87.03 are exempted from excise duty to the extent duty exceeds the amount calculated at the rate of 40 per cent ad valorem. Saloon cars later registered solely as taxis qualify for an additional 7 percentage point exemption provided the manufacturer paid duty at the 40 per cent rate at clearance, furnishes a State Transport Authority certificate of taxi registration within three months or extended period, did not retain (or refunded) any equivalent amount from the purchaser, and files a refund claim under the prescribed refund procedure.
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 for certain motor vehicles reduces duty; additional relief for saloon cars registered as taxis subject to conditions.
Goods under Heading No. 87.03 are exempted from excise duty to the extent duty exceeds the amount calculated at the rate of 40 per cent ad valorem. Saloon cars later registered solely as taxis qualify for an additional 7 percentage point exemption provided the manufacturer paid duty at the 40 per cent rate at clearance, furnishes a State Transport Authority certificate of taxi registration within three months or extended period, did not retain (or refunded) any equivalent amount from the purchaser, and files a refund claim under the prescribed refund procedure.
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