Prescribes effective rate of duty of 10% on Graphic and Intelligence based Script Technology (GIST) Cards of Heading No. 84.73 - 55/93 - Central Excise - Tariff
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Duty cap on GIST cards limits excise liability to a fixed ad valorem rate, restricting taxable excess beyond cap. The notification limits excise liability on Graphic and Intelligence based Script Technology (GIST) cards for multi-lingual computers by exempting that part of duty specified in the tariff schedule which exceeds an effective ad valorem rate of ten percent, thereby capping the taxable amount for those goods.
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.
Duty cap on GIST cards limits excise liability to a fixed ad valorem rate, restricting taxable excess beyond cap.
The notification limits excise liability on Graphic and Intelligence based Script Technology (GIST) cards for multi-lingual computers by exempting that part of duty specified in the tariff schedule which exceeds an effective ad valorem rate of ten percent, thereby capping the taxable amount for those goods.
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