Excise exemption caps duty on wood articles to an ad valorem rate, reducing levy above that cap. The Government exempts all goods classifiable as wood and articles of wood under the specified tariff heading from so much of the excise duty leviable as exceeds the amount calculated at the rate of 30% ad valorem, thereby imposing a ceiling on duty payable for that product category under the Schedule.
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Provisions expressly mentioned in the judgment/order text.
Excise exemption caps duty on wood articles to an ad valorem rate, reducing levy above that cap.
The Government exempts all goods classifiable as wood and articles of wood under the specified tariff heading from so much of the excise duty leviable as exceeds the amount calculated at the rate of 30% ad valorem, thereby imposing a ceiling on duty payable for that product category under the Schedule.
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