Central Excise exemption caps duty on specified petroleum sub headings at prescribed per tonne rates under rule 8(1). The Central Government, under sub rule (1) of rule 8 of the Central Excise Rules, 1944, exempts goods under specified tariff sub headings for petroleum products from so much of the excise duty as exceeds amounts calculated at the prescribed per tonne rates set out in the notification's Table, thereby capping the effective rate of duty chargeable on those entries.
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Provisions expressly mentioned in the judgment/order text.
Central Excise exemption caps duty on specified petroleum sub headings at prescribed per tonne rates under rule 8(1).
The Central Government, under sub rule (1) of rule 8 of the Central Excise Rules, 1944, exempts goods under specified tariff sub headings for petroleum products from so much of the excise duty as exceeds amounts calculated at the prescribed per tonne rates set out in the notification's Table, thereby capping the effective rate of duty chargeable on those entries.
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