Concessional duty on naphtha for manufacture of specified chemicals limited to duty above prescribed base rate, with procedural conditions. The notification exempts raw naphtha (sub-heading 2710.14) used in the manufacture of a specified table of chemicals from excise duty to the extent the duty exceeds an amount calculated at a prescribed base rate per kilolitre, subject to Chapter X procedural compliance when use occurs off-site; consumption is computed by deducting naphtha returned to a declared refinery from quantities received by the manufacturing factory, and incidental or involuntary by products do not negate the exemption.
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Concessional duty on naphtha for manufacture of specified chemicals limited to duty above prescribed base rate, with procedural conditions.
The notification exempts raw naphtha (sub-heading 2710.14) used in the manufacture of a specified table of chemicals from excise duty to the extent the duty exceeds an amount calculated at a prescribed base rate per kilolitre, subject to Chapter X procedural compliance when use occurs off-site; consumption is computed by deducting naphtha returned to a declared refinery from quantities received by the manufacturing factory, and incidental or involuntary by products do not negate the exemption.
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