Excise duty exemption for tariff goods capped by a per tonne rate where goods derive from domestic shipbreaking. Exempts goods under specified tariff headings from central excise duty to the extent that duty exceeds an amount calculated at a fixed per tonne rate, thereby capping excise liability; the exemption applies only where the goods were obtained from the breaking up of ships, boats and other floating structures manufactured in India.
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Provisions expressly mentioned in the judgment/order text.
Excise duty exemption for tariff goods capped by a per tonne rate where goods derive from domestic shipbreaking.
Exempts goods under specified tariff headings from central excise duty to the extent that duty exceeds an amount calculated at a fixed per tonne rate, thereby capping excise liability; the exemption applies only where the goods were obtained from the breaking up of ships, boats and other floating structures manufactured in India.
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