Central Excise exemption rates for railway rolling stock updated, replacing prior table with unit wise tariff charges. Amendment to the Central Excise notification substitutes the Table annexed to Notification No. 452/86 by prescribing revised unit-wise excise rates for specified railway rolling stock. Under rule 8(1) of the Central Excise Rules, 1944, the Government replaces the previous tariff schedule with a list identifying goods by subheading and describing discrete units-such as DCEMU units, broad and metre gauge coaches, and various wagons-and attaches corresponding excise charges per unit, thereby fixing specified amounts for each listed class of rolling stock.
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Central Excise exemption rates for railway rolling stock updated, replacing prior table with unit wise tariff charges.
Amendment to the Central Excise notification substitutes the Table annexed to Notification No. 452/86 by prescribing revised unit-wise excise rates for specified railway rolling stock. Under rule 8(1) of the Central Excise Rules, 1944, the Government replaces the previous tariff schedule with a list identifying goods by subheading and describing discrete units-such as DCEMU units, broad and metre gauge coaches, and various wagons-and attaches corresponding excise charges per unit, thereby fixing specified amounts for each listed class of rolling stock.
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