Duty rates on video cassettes updated to impose per-cassette and per-area tape charges under central excise amendment. Amendment replaces four tariff table entries to set excise duties on video cassettes and magnetic tape content, specifying when duty is payable solely on a per square metre basis of tape and when a combined per cassette charge plus a per square metre tape charge applies, thereby fixing the basis of assessment for those tariff lines.
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Duty rates on video cassettes updated to impose per-cassette and per-area tape charges under central excise amendment.
Amendment replaces four tariff table entries to set excise duties on video cassettes and magnetic tape content, specifying when duty is payable solely on a per square metre basis of tape and when a combined per cassette charge plus a per square metre tape charge applies, thereby fixing the basis of assessment for those tariff lines.
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