Exemption cap on excise duty for computer systems limits levy to a fixed ad valorem rate, excess duty exempted. Notification under rule 3(1) of the Central Excise Rules, 1944, exempts goods under sub-heading 8471.00 of the Central Excise Tariff Act, 1985 from so much of excise duty as is in excess of the amount calculated at a specified ad valorem rate, and supersedes notification No. 76/87-Central Excises dated 1 March 1987; it thereby caps the effective excise rate on computer systems and peripherals at that ad valorem rate.
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Provisions expressly mentioned in the judgment/order text.
Exemption cap on excise duty for computer systems limits levy to a fixed ad valorem rate, excess duty exempted.
Notification under rule 3(1) of the Central Excise Rules, 1944, exempts goods under sub-heading 8471.00 of the Central Excise Tariff Act, 1985 from so much of excise duty as is in excess of the amount calculated at a specified ad valorem rate, and supersedes notification No. 76/87-Central Excises dated 1 March 1987; it thereby caps the effective excise rate on computer systems and peripherals at that ad valorem rate.
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