Set off of duty: finished snuff exempt to extent of duty already paid on input snuff under excise rules. Exemption allows set off of duty on finished snuff (sub heading 2404.50) by permitting reduction of excise duty and additional excise duty leviable on the finished product to the extent equivalent to duty already paid on the snuff from which the finished snuff was manufactured, and is effective only until the specified terminal date.
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.
Set off of duty: finished snuff exempt to extent of duty already paid on input snuff under excise rules.
Exemption allows set off of duty on finished snuff (sub heading 2404.50) by permitting reduction of excise duty and additional excise duty leviable on the finished product to the extent equivalent to duty already paid on the snuff from which the finished snuff was manufactured, and is effective only until the specified terminal date.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.