Excise exemption on electric fans caps duty rate to a fixed ad valorem threshold under central excise rules. The Central Government exempts electric fans under sub heading 8414.20 from the portion of central excise duty exceeding a specified ad valorem cap, thereby imposing a tariff specific duty ceiling for that classification under the excise rules and tariff schedule.
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Excise exemption on electric fans caps duty rate to a fixed ad valorem threshold under central excise rules.
The Central Government exempts electric fans under sub heading 8414.20 from the portion of central excise duty exceeding a specified ad valorem cap, thereby imposing a tariff specific duty ceiling for that classification under the excise rules and tariff schedule.
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