Excise exemption on cold storage refrigeration parts reduces duty to a specified ad valorem rate for eligible installations. Exemption limits excise duty on parts and accessories of refrigerating and air conditioning appliances used in cold storage to an ad valorem rate of 15 per cent, subject to their being used in installations for storage and preservation of foodstuffs specified in paragraph 3 of the Cold Storage Order, 1964, and subject to following the procedure set out in Chapter X of the Central Excise Rules, 1944, under the authority of sub rule (1) of rule 8.
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Excise exemption on cold storage refrigeration parts reduces duty to a specified ad valorem rate for eligible installations.
Exemption limits excise duty on parts and accessories of refrigerating and air conditioning appliances used in cold storage to an ad valorem rate of 15 per cent, subject to their being used in installations for storage and preservation of foodstuffs specified in paragraph 3 of the Cold Storage Order, 1964, and subject to following the procedure set out in Chapter X of the Central Excise Rules, 1944, under the authority of sub rule (1) of rule 8.
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