Excise duty exemption for retreading rubber products limits payable duty to a fixed per kilogram rate; excess exempted. The Central Government exempts tread rubber, camel back, cushion compound, cushion gum, tread gum and tread packing strips within Chapter 40 from so much of the excise duty as exceeds the amount calculated at a fixed per kilogram rate, by notification under the Central Excise Rules, thereby capping assessable duty for those retreading products.
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.
Excise duty exemption for retreading rubber products limits payable duty to a fixed per kilogram rate; excess exempted.
The Central Government exempts tread rubber, camel back, cushion compound, cushion gum, tread gum and tread packing strips within Chapter 40 from so much of the excise duty as exceeds the amount calculated at a fixed per kilogram rate, by notification under the Central Excise Rules, thereby capping assessable duty for those retreading products.
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