Excise duty cap limits levy on goods under specified tariff subheading to a prescribed ad valorem rate. The Central Government, using its statutory exemption power, exempts goods under the relevant tariff subheading from any basic excise duty in excess of a prescribed ad valorem rate, referencing the Schedule to the Central Excise Tariff Act and invoking public interest grounds to impose a cap on the effective duty payable.
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.
Excise duty cap limits levy on goods under specified tariff subheading to a prescribed ad valorem rate.
The Central Government, using its statutory exemption power, exempts goods under the relevant tariff subheading from any basic excise duty in excess of a prescribed ad valorem rate, referencing the Schedule to the Central Excise Tariff Act and invoking public interest grounds to impose a cap on the effective duty payable.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.