Excise duty rate cap on iron and steel products limits leviable duty to specified per tonne rates under central notification. The Government exempts specified iron and steel goods from that portion of excise duty exceeding the prescribed per tonne amounts listed in the Table, so that duty on each described product is to be calculated only up to the effective per tonne rate assigned to its tariff description; the Table differentiates goods by composition, form, processing and dimensional criteria and includes recovery from ship breaking and specialized construction materials.
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Provisions expressly mentioned in the judgment/order text.
Excise duty rate cap on iron and steel products limits leviable duty to specified per tonne rates under central notification.
The Government exempts specified iron and steel goods from that portion of excise duty exceeding the prescribed per tonne amounts listed in the Table, so that duty on each described product is to be calculated only up to the effective per tonne rate assigned to its tariff description; the Table differentiates goods by composition, form, processing and dimensional criteria and includes recovery from ship breaking and specialized construction materials.
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