Excise exemption for methyl methacrylate monomer produced from import duty paid plastic scrap removes excise levy when customs duty paid. Exemption applies to methyl methacrylate monomer produced from scrap of plastics on which additional customs duty has already been paid, relieving such monomer from the whole of the excise duty leviable under the tariff schedule; the exemption is effected by executive power under the central excise statute and conditions it on the prior payment of customs additional duty on input scrap.
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Provisions expressly mentioned in the judgment/order text.
Excise exemption for methyl methacrylate monomer produced from import duty paid plastic scrap removes excise levy when customs duty paid.
Exemption applies to methyl methacrylate monomer produced from scrap of plastics on which additional customs duty has already been paid, relieving such monomer from the whole of the excise duty leviable under the tariff schedule; the exemption is effected by executive power under the central excise statute and conditions it on the prior payment of customs additional duty on input scrap.
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