Excise duty cap on computer software: duty limited to a specified ad valorem amount, excess duty exempted. Computer software classified in the tariff schedule is exempted from so much of the excise duty as exceeds the amount calculated at a specified ad valorem rate, thereby capping the effective duty payable on that tariff entry and creating a partial exemption under the delegated rule-making power.
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Excise duty cap on computer software: duty limited to a specified ad valorem amount, excess duty exempted.
Computer software classified in the tariff schedule is exempted from so much of the excise duty as exceeds the amount calculated at a specified ad valorem rate, thereby capping the effective duty payable on that tariff entry and creating a partial exemption under the delegated rule-making power.
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