Excise exemption for capital goods for export-oriented undertakings limited to duty exceeding a specified ad valorem rate. The notification amends para 2 to expand beneficiary entities to include Oil India Limited and the Gas Authority of India Limited, and substitutes the full exemption with a partial exemption under section 3 of the Central Excises and Salt Act, 1944 such that goods shall be exempt only to the extent that the duty exceeds the amount calculated at the rate of 15 per cent ad valorem.
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Provisions expressly mentioned in the judgment/order text.
Excise exemption for capital goods for export-oriented undertakings limited to duty exceeding a specified ad valorem rate.
The notification amends para 2 to expand beneficiary entities to include Oil India Limited and the Gas Authority of India Limited, and substitutes the full exemption with a partial exemption under section 3 of the Central Excises and Salt Act, 1944 such that goods shall be exempt only to the extent that the duty exceeds the amount calculated at the rate of 15 per cent ad valorem.
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