Specific duty structure for small paper units revised into tiered quantity bands, altering duty application as clearances aggregate. Amendment revises the specific duty structure for paper and paperboard manufactured by small paper units by substituting a new tiered TABLE of aggregate clearance quantities with corresponding specific duty rate bands, creating successive quantity bands for first and subsequent clearances linked to distinct specific duty rates per tonne so that clearance volumes are taxed under ascending rate brackets; it also inserts a reference to sub-section (1) of section 5A of the Central Excises and Salt Act, 1944 in the Explanation to clarify the statutory basis.
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Specific duty structure for small paper units revised into tiered quantity bands, altering duty application as clearances aggregate.
Amendment revises the specific duty structure for paper and paperboard manufactured by small paper units by substituting a new tiered TABLE of aggregate clearance quantities with corresponding specific duty rate bands, creating successive quantity bands for first and subsequent clearances linked to distinct specific duty rates per tonne so that clearance volumes are taxed under ascending rate brackets; it also inserts a reference to sub-section (1) of section 5A of the Central Excises and Salt Act, 1944 in the Explanation to clarify the statutory basis.
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