Effective rates of duty on aerated waters cap excise liability by exempting duty above prescribed rates. The Government, under the Central Excise Rules, exempts goods under specified aerated water tariff subheadings from any portion of excise duty exceeding the amount calculated at the corresponding effective rate set out in the Table, which assigns stipulated rates and, for certain subheadings, links incremental duty to specified volume thresholds.
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Provisions expressly mentioned in the judgment/order text.
Effective rates of duty on aerated waters cap excise liability by exempting duty above prescribed rates.
The Government, under the Central Excise Rules, exempts goods under specified aerated water tariff subheadings from any portion of excise duty exceeding the amount calculated at the corresponding effective rate set out in the Table, which assigns stipulated rates and, for certain subheadings, links incremental duty to specified volume thresholds.
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