Excise duty treatment for winding wire: conditional nil-rate for copper when duty on wire rods is already paid and no duty credit claimed. The notification amends tariff entries so that winding wires of copper qualify for nil excise only if made from wrought copper wire rods on which the appropriate excise or additional customs duty has already been paid and no credit of duty on unwrought copper or wrought wire rods has been taken; it deems all wrought wire rods to be duty-paid unless clearly non-duty-paid. The table also revises the entry for winding wires made of aluminium and records a separate ad valorem duty entry for winding wires of copper.
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Excise duty treatment for winding wire: conditional nil-rate for copper when duty on wire rods is already paid and no duty credit claimed.
The notification amends tariff entries so that winding wires of copper qualify for nil excise only if made from wrought copper wire rods on which the appropriate excise or additional customs duty has already been paid and no credit of duty on unwrought copper or wrought wire rods has been taken; it deems all wrought wire rods to be duty-paid unless clearly non-duty-paid. The table also revises the entry for winding wires made of aluminium and records a separate ad valorem duty entry for winding wires of copper.
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