Excise duty rate caps on specified iron and steel limit payable duty to declared ad valorem rates under statutory exemption. The government exempts specified iron and steel goods falling under listed tariff headings from that part of excise duty which exceeds the amount calculated at the ad valorem rates prescribed in the annexed Table, thereby capping the effective duty payable on those goods at the stated ad valorem percentages and superseding the earlier notification.
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 rate caps on specified iron and steel limit payable duty to declared ad valorem rates under statutory exemption.
The government exempts specified iron and steel goods falling under listed tariff headings from that part of excise duty which exceeds the amount calculated at the ad valorem rates prescribed in the annexed Table, thereby capping the effective duty payable on those goods at the stated ad valorem percentages and superseding the earlier notification.
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