Excise duty cap for optical bleaching agents limits basic duty, exempting amounts above the prescribed ad valorem rate. The Government exempts goods under tariff sub heading 3204.30 (optical bleaching agents) from that part of basic excise duty which exceeds the amount computed at a specified ad valorem rate, thereby capping payable duty at that ad valorem rate under statutory exemption powers.
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Excise duty cap for optical bleaching agents limits basic duty, exempting amounts above the prescribed ad valorem rate.
The Government exempts goods under tariff sub heading 3204.30 (optical bleaching agents) from that part of basic excise duty which exceeds the amount computed at a specified ad valorem rate, thereby capping payable duty at that ad valorem rate under statutory exemption powers.
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