Exemption from excise duty limits leviable duty on specified tariff chapter goods to prescribed ad valorem rates. The Central Government exempts specified Chapter 32 goods from so much of the leviable excise duty as exceeds the amount calculated at the prescribed ad valorem rate for each listed tariff sub heading, thereby limiting the effective duty payable on those goods to the stated ad valorem rates set out in the notification's Table.
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Provisions expressly mentioned in the judgment/order text.
Exemption from excise duty limits leviable duty on specified tariff chapter goods to prescribed ad valorem rates.
The Central Government exempts specified Chapter 32 goods from so much of the leviable excise duty as exceeds the amount calculated at the prescribed ad valorem rate for each listed tariff sub heading, thereby limiting the effective duty payable on those goods to the stated ad valorem rates set out in the notification's Table.
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