Effective excise rate adjustment limits excise liability to specified ad valorem rates for paper and allied goods. The government exempts specified paper and allied goods under Chapter 48 from that part of scheduled excise duty which exceeds the effective ad valorem rate set for each listed tariff sub-heading; the annexed Table prescribes those ad valorem rates (including some nil entries) applicable to the described goods, thereby limiting excise liability to the stated percentage of value for each sub-heading.
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Provisions expressly mentioned in the judgment/order text.
Effective excise rate adjustment limits excise liability to specified ad valorem rates for paper and allied goods.
The government exempts specified paper and allied goods under Chapter 48 from that part of scheduled excise duty which exceeds the effective ad valorem rate set for each listed tariff sub-heading; the annexed Table prescribes those ad valorem rates (including some nil entries) applicable to the described goods, thereby limiting excise liability to the stated percentage of value for each sub-heading.
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