Excise duty exemption limits duty on specified copper products to an ad valorem rate under a central notification. The Central Government, under section 5A of the Central Excises and Salt Act, 1944, exempts goods specified in the Table under Chapter 74 from so much of excise duty as is in excess of the amount calculated at the ad valorem rate specified in the Table; the Table lists categories of copper products (mattes, unrefined and refined copper, alloys, waste and scrap, master alloys, bars/rods/profiles, wire, plates/sheets/strip, and foil) matched to tariff headings/sub-headings to which the limiting ad valorem rate applies.
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Provisions expressly mentioned in the judgment/order text.
Excise duty exemption limits duty on specified copper products to an ad valorem rate under a central notification.
The Central Government, under section 5A of the Central Excises and Salt Act, 1944, exempts goods specified in the Table under Chapter 74 from so much of excise duty as is in excess of the amount calculated at the ad valorem rate specified in the Table; the Table lists categories of copper products (mattes, unrefined and refined copper, alloys, waste and scrap, master alloys, bars/rods/profiles, wire, plates/sheets/strip, and foil) matched to tariff headings/sub-headings to which the limiting ad valorem rate applies.
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