Excise duty cap limits levy on specified metal and hardware goods to a fixed ad valorem rate under notification. The notification exempts goods within specified tariff chapters from so much of the excise duty leviable as exceeds the amount calculated at a prescribed ad valorem rate, thereby limiting the duty payable to that capped ad valorem charge for those goods.
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Provisions expressly mentioned in the judgment/order text.
Excise duty cap limits levy on specified metal and hardware goods to a fixed ad valorem rate under notification.
The notification exempts goods within specified tariff chapters from so much of the excise duty leviable as exceeds the amount calculated at a prescribed ad valorem rate, thereby limiting the duty payable to that capped ad valorem charge for those goods.
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