Excise duty exemption for specified railway rolling stock: conditional reduced per unit duty applies subject to prohibition on input credit. The notification exempts specified railway rolling stock under Chapter 86 by limiting excise duty to fixed per-unit rates shown in the Table; duty in excess of those amounts is exempt. The exemption is subject to the condition that no input duty credit under rule 56A or 57A has been availed. Additionally, when single sub-units of three-car DCEMU coaches are cleared as spares under a contract for complete units, duty on each sub-unit is leviable at one-third of the duty payable on the complete unit.
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 specified railway rolling stock: conditional reduced per unit duty applies subject to prohibition on input credit.
The notification exempts specified railway rolling stock under Chapter 86 by limiting excise duty to fixed per-unit rates shown in the Table; duty in excess of those amounts is exempt. The exemption is subject to the condition that no input duty credit under rule 56A or 57A has been availed. Additionally, when single sub-units of three-car DCEMU coaches are cleared as spares under a contract for complete units, duty on each sub-unit is leviable at one-third of the duty payable on the complete unit.
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