Conditional excise exemption for cement: monthly clearances allowed if prior production threshold met; bond secures repayment for annual shortfall. Permits manufacturers to clear cement monthly at the notification duty rate provided production in the preceding month exceeds a specified share of annual licensed capacity and the manufacturer furnishes a bond that, should certified annual production fall below a stipulated share of licensed capacity as certified by the Development Commissioner for Cement Industry, the manufacturer will, on demand, pay the difference between the duty otherwise leviable and the duty leviable under the notification.
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.
Conditional excise exemption for cement: monthly clearances allowed if prior production threshold met; bond secures repayment for annual shortfall.
Permits manufacturers to clear cement monthly at the notification duty rate provided production in the preceding month exceeds a specified share of annual licensed capacity and the manufacturer furnishes a bond that, should certified annual production fall below a stipulated share of licensed capacity as certified by the Development Commissioner for Cement Industry, the manufacturer will, on demand, pay the difference between the duty otherwise leviable and the duty leviable under the notification.
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