Excise exemption for polyurethane foam limits duty to prescribed rates and waives duty where manufactured from waste under conditions. The notification exempts specified polyurethane goods from excise duty to the extent duty exceeds amounts calculated at prescribed rates. It prescribes ad valorem treatment for primary polyurethanes and rigid foam, a per-kilogram rate for flexible foam and its scrap, and conditional nil liability for flexible foam goods and foam articles manufactured from previously duty-paid foam or from wastes and scraps provided no duty credit is claimed.
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 exemption for polyurethane foam limits duty to prescribed rates and waives duty where manufactured from waste under conditions.
The notification exempts specified polyurethane goods from excise duty to the extent duty exceeds amounts calculated at prescribed rates. It prescribes ad valorem treatment for primary polyurethanes and rigid foam, a per-kilogram rate for flexible foam and its scrap, and conditional nil liability for flexible foam goods and foam articles manufactured from previously duty-paid foam or from wastes and scraps provided no duty credit is claimed.
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