Excise duty on belts adjusted; narrow flat belts exempt, other belts subject to an ad valorem cap under notification. The Central Government, under section 5A(1), exempts belts and beltings under tariff Headings 40.10 or 59.08 from excise duty to the extent duty exceeds amounts calculated at prescribed rates in the Table. The Table caps duty by product: flat belts or beltings not exceeding 15 centimetres width are treated at nil for this purpose, while other belts or beltings are subject to an ad valorem rate as specified.
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Provisions expressly mentioned in the judgment/order text.
Excise duty on belts adjusted; narrow flat belts exempt, other belts subject to an ad valorem cap under notification.
The Central Government, under section 5A(1), exempts belts and beltings under tariff Headings 40.10 or 59.08 from excise duty to the extent duty exceeds amounts calculated at prescribed rates in the Table. The Table caps duty by product: flat belts or beltings not exceeding 15 centimetres width are treated at nil for this purpose, while other belts or beltings are subject to an ad valorem rate as specified.
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