Excise exemption for button cells caps duty at an ad valorem threshold, reducing the effective excise burden under notification. The Central Government, invoking statutory power under the Central Excises and Salt Act, exempts button cells in Chapter 85 from so much of the excise duty as exceeds the amount calculated at the rate of 15 per cent ad valorem, thereby capping the effective duty payable on those goods by notification in the public interest.
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Excise exemption for button cells caps duty at an ad valorem threshold, reducing the effective excise burden under notification.
The Central Government, invoking statutory power under the Central Excises and Salt Act, exempts button cells in Chapter 85 from so much of the excise duty as exceeds the amount calculated at the rate of 15 per cent ad valorem, thereby capping the effective duty payable on those goods by notification in the public interest.
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