Exemption for small-scale manufacturers of refrigeration and air conditioning goods subject to phased duty relief and annual turnover limits. Exemption applies to refrigerating and air conditioning appliances and parts produced by small scale units: full relief for initial clearances up to a prescribed aggregate value and partial relief for subsequent clearances up to a further prescribed aggregate value, subject to an overall per factory/per manufacturer cap. The exemption is disallowed if aggregate clearances of all excisable goods exceed a prescribed turnover threshold in the preceding year; qualifying new entrants must file a declaration and remain below the turnover ceiling. Value is determined under the statutory valuation provision, and certain fully exempt clearances are excluded from turnover computation.
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.
Exemption for small-scale manufacturers of refrigeration and air conditioning goods subject to phased duty relief and annual turnover limits.
Exemption applies to refrigerating and air conditioning appliances and parts produced by small scale units: full relief for initial clearances up to a prescribed aggregate value and partial relief for subsequent clearances up to a further prescribed aggregate value, subject to an overall per factory/per manufacturer cap. The exemption is disallowed if aggregate clearances of all excisable goods exceed a prescribed turnover threshold in the preceding year; qualifying new entrants must file a declaration and remain below the turnover ceiling. Value is determined under the statutory valuation provision, and certain fully exempt clearances are excluded from turnover computation.
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