Effective duty rates on paints based on synthetic polymers set reduced ad valorem rates, limiting excise liability to specified rates. Notification exempts the portion of excise duty on paints based on synthetic polymers that exceeds the ad valorem rates specified in the annexed Table for listed tariff subheadings, thereby limiting excise liability for those subheadings to the corresponding effective rates set out in the Table under the authority of rule 8(1) of the Central Excise Rules, 1944.
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Provisions expressly mentioned in the judgment/order text.
Effective duty rates on paints based on synthetic polymers set reduced ad valorem rates, limiting excise liability to specified rates.
Notification exempts the portion of excise duty on paints based on synthetic polymers that exceeds the ad valorem rates specified in the annexed Table for listed tariff subheadings, thereby limiting excise liability for those subheadings to the corresponding effective rates set out in the Table under the authority of rule 8(1) of the Central Excise Rules, 1944.
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