Excise exemption for refrigerators and coolers: capacity-based unit exemptions, water coolers nil, others ad valorem. Amendment replaces Serial No. 7 of the annexed table in Notification No. 166/86-Central Excises, revising exemption treatment for goods under specified tariff headings: refrigerators are classified by capacity with distinct excise exemption amounts per unit; water coolers attract nil excise; and other refrigerating appliances and machinery are subject to a percentage ad valorem exemption. The amendment is made under rule 8(1) of the Central Excise Rules, 1944.
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Excise exemption for refrigerators and coolers: capacity-based unit exemptions, water coolers nil, others ad valorem.
Amendment replaces Serial No. 7 of the annexed table in Notification No. 166/86-Central Excises, revising exemption treatment for goods under specified tariff headings: refrigerators are classified by capacity with distinct excise exemption amounts per unit; water coolers attract nil excise; and other refrigerating appliances and machinery are subject to a percentage ad valorem exemption. The amendment is made under rule 8(1) of the Central Excise Rules, 1944.
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