Excise duty exemption for specified zinc products reduces duty to capped effective rates subject to input duty and credit conditions. Notification exempts specified Chapter 79 zinc goods by capping effective excise duty at stated rates for listed descriptions, reducing duty to the specified effective rate. The exemption applies only when the goods are made from zinc inputs on which excise or additional customs duty has already been paid and no credit under rule 56A or 57A has been taken. The benefit does not apply to zinc produced by a primary producer (licensed under the Industries (Development and Regulation) Act from ore or concentrates). Domestic stocks are deemed duty-paid unless clearly non-duty-paid.
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 duty exemption for specified zinc products reduces duty to capped effective rates subject to input duty and credit conditions.
Notification exempts specified Chapter 79 zinc goods by capping effective excise duty at stated rates for listed descriptions, reducing duty to the specified effective rate. The exemption applies only when the goods are made from zinc inputs on which excise or additional customs duty has already been paid and no credit under rule 56A or 57A has been taken. The benefit does not apply to zinc produced by a primary producer (licensed under the Industries (Development and Regulation) Act from ore or concentrates). Domestic stocks are deemed duty-paid unless clearly non-duty-paid.
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