Exemption to specified man-made fabrics limits additional excise duty via reduced rates based on value per square metre bands under the tariff schedule. Exemption relieves specified man-made fabrics under listed tariff headings from Additional Duties of Excise to the extent that duty in excess of the prescribed reduced rates is exempted. The notification establishes a value per square metre classification with discrete value bands and corresponding reduced rates or ad valorem rates, thereby capping additional excise liability to the rate specified in the annexed Table and defining applicability by Schedule heading.
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Provisions expressly mentioned in the judgment/order text.
Exemption to specified man-made fabrics limits additional excise duty via reduced rates based on value per square metre bands under the tariff schedule.
Exemption relieves specified man-made fabrics under listed tariff headings from Additional Duties of Excise to the extent that duty in excess of the prescribed reduced rates is exempted. The notification establishes a value per square metre classification with discrete value bands and corresponding reduced rates or ad valorem rates, thereby capping additional excise liability to the rate specified in the annexed Table and defining applicability by Schedule heading.
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