Effective rate of duty on soap reduced by value-based bands, limiting excise liability to specified ad valorem rates. The notification limits excise duty on soap classified under the relevant tariff subheading by exempting the portion of duty in excess of specified ad valorem rates tied to value bands, with 'value' determined according to Central Excise valuation rules.
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Effective rate of duty on soap reduced by value-based bands, limiting excise liability to specified ad valorem rates.
The notification limits excise duty on soap classified under the relevant tariff subheading by exempting the portion of duty in excess of specified ad valorem rates tied to value bands, with "value" determined according to Central Excise valuation rules.
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