Excise exemption for low-capacity motorised two-wheelers caps duty at a specified ad valorem rate where value falls below threshold. Motorised two-wheelers of engine capacity not exceeding 25 cubic centimetres under heading 87.11 are exempt from excise duty in excess of the amount calculated at the rate of 10 per cent ad valorem, provided the value per two-wheeler does not exceed the prescribed ceiling; 'value' is as determined in accordance with the statutory valuation provisions applicable to central excise.
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 exemption for low-capacity motorised two-wheelers caps duty at a specified ad valorem rate where value falls below threshold.
Motorised two-wheelers of engine capacity not exceeding 25 cubic centimetres under heading 87.11 are exempt from excise duty in excess of the amount calculated at the rate of 10 per cent ad valorem, provided the value per two-wheeler does not exceed the prescribed ceiling; "value" is as determined in accordance with the statutory valuation provisions applicable to central excise.
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