Exemption cap on excise duty limits payable duty for non plastic glues and adhesives to a specified ad valorem rate. Glues and adhesives under sub heading 3506.00 that are not based on plastics are exempted from any Central Excise duty in excess of the amount calculated at the rate of 15% ad valorem, the exemption being provided under sub rule (1) of rule 8 of the Central Excise Rules, 1944, thereby capping payable excise liability at that ad valorem rate while leaving duties up to that threshold leviable under the Tariff Schedule.
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 cap on excise duty limits payable duty for non plastic glues and adhesives to a specified ad valorem rate.
Glues and adhesives under sub heading 3506.00 that are not based on plastics are exempted from any Central Excise duty in excess of the amount calculated at the rate of 15% ad valorem, the exemption being provided under sub rule (1) of rule 8 of the Central Excise Rules, 1944, thereby capping payable excise liability at that ad valorem rate while leaving duties up to that threshold leviable under the Tariff Schedule.
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