Excise duty exemption on acrylic fibre limits payable duty to a specified effective rate per kilogram. The Central Government exempts acrylic fibre under the relevant tariff sub-heading from excise duty to the extent that duty exceeds the amount calculated at the stated effective rate of rupees seven and paise four per kilogram, thereby capping the excise liability for that commodity.
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Provisions expressly mentioned in the judgment/order text.
Excise duty exemption on acrylic fibre limits payable duty to a specified effective rate per kilogram.
The Central Government exempts acrylic fibre under the relevant tariff sub-heading from excise duty to the extent that duty exceeds the amount calculated at the stated effective rate of rupees seven and paise four per kilogram, thereby capping the excise liability for that commodity.
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