Effective rate of duty on specified hand tools set to limit excise liability, exempting duty in excess of a fixed ad valorem threshold. Notification under rule 8(1) of the Central Excise Rules, 1944 exempts so much of the excise duty on specified Chapter 82 goods as exceeds the amount calculated at the rate of ten per cent ad valorem, thereby setting an effective rate of duty for listed hand tools including saws, files, pliers, spanners, vices, anvils, portable forges, grinding wheels and tool sets.
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Provisions expressly mentioned in the judgment/order text.
Effective rate of duty on specified hand tools set to limit excise liability, exempting duty in excess of a fixed ad valorem threshold.
Notification under rule 8(1) of the Central Excise Rules, 1944 exempts so much of the excise duty on specified Chapter 82 goods as exceeds the amount calculated at the rate of ten per cent ad valorem, thereby setting an effective rate of duty for listed hand tools including saws, files, pliers, spanners, vices, anvils, portable forges, grinding wheels and tool sets.
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