Excise exemption caps duty on specified particle and fibre boards, limiting levy above a fixed ad valorem rate. Central Government, invoking section 5A(1) of the Central Excises and Salt Act, 1944, exempts specified boards from so much of the excise duty as exceeds 10% ad valorem, applying to goods falling under the Schedule to the Central Excise Tariff Act, 1985; listed products include Cement Bonded Particle Board, Jute Particle Board, Rice Husk Board, Glass fibre Reinforced Gypsum Board (GRG), Sisal fibre Boards, and Bagasse Board.
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Provisions expressly mentioned in the judgment/order text.
Excise exemption caps duty on specified particle and fibre boards, limiting levy above a fixed ad valorem rate.
Central Government, invoking section 5A(1) of the Central Excises and Salt Act, 1944, exempts specified boards from so much of the excise duty as exceeds 10% ad valorem, applying to goods falling under the Schedule to the Central Excise Tariff Act, 1985; listed products include Cement Bonded Particle Board, Jute Particle Board, Rice Husk Board, Glass fibre Reinforced Gypsum Board (GRG), Sisal fibre Boards, and Bagasse Board.
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