Excise duty cap for electrically operated and battery road vehicles limited to a specified low ad valorem rate under notification. The notification exempts certain electrically operated trolley buses, platform trucks, works trucks, tow tractors and battery powered road vehicles from excise duty to the extent that the duty exceeds the amount calculated at the rate of 5 per cent ad valorem; it defines each vehicle category by reference to propulsion solely by electrical energy from external sources or batteries and sets a temporal limit for the exemption under rule 8 of the Central Excise Rules, 1944.
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Excise duty cap for electrically operated and battery road vehicles limited to a specified low ad valorem rate under notification.
The notification exempts certain electrically operated trolley buses, platform trucks, works trucks, tow tractors and battery powered road vehicles from excise duty to the extent that the duty exceeds the amount calculated at the rate of 5 per cent ad valorem; it defines each vehicle category by reference to propulsion solely by electrical energy from external sources or batteries and sets a temporal limit for the exemption under rule 8 of the Central Excise Rules, 1944.
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