Exemption limit for excise duty applies only to the portion exceeding a prescribed ad valorem threshold, narrowing relief. The notification amends the prior exemption language so that relief for generating sets applies only to that part of the excise duty which is in excess of an ad valorem threshold, replacing an earlier formulation that granted exemption from the whole of the duty specified in the schedule.
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.
Exemption limit for excise duty applies only to the portion exceeding a prescribed ad valorem threshold, narrowing relief.
The notification amends the prior exemption language so that relief for generating sets applies only to that part of the excise duty which is in excess of an ad valorem threshold, replacing an earlier formulation that granted exemption from the whole of the duty specified in the schedule.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.