Excise duty exemption limits duty on specified audio tapes and unrecorded cassettes to prescribed rates. The Central Government, under the Central Excise Rules, exempts specified audio magnetic tapes and unrecorded audio cassettes to the extent that excise duty exceeds the amounts set in the Table, superseding the earlier notification; the Table prescribes a specific rate per unit area for tapes used as inputs for cassette manufacture, an ad valorem rate for other tapes, and nil duty for unrecorded audio cassettes.
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Provisions expressly mentioned in the judgment/order text.
Excise duty exemption limits duty on specified audio tapes and unrecorded cassettes to prescribed rates.
The Central Government, under the Central Excise Rules, exempts specified audio magnetic tapes and unrecorded audio cassettes to the extent that excise duty exceeds the amounts set in the Table, superseding the earlier notification; the Table prescribes a specific rate per unit area for tapes used as inputs for cassette manufacture, an ad valorem rate for other tapes, and nil duty for unrecorded audio cassettes.
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