Exemption of liquid explosives from excise duty under a rule-making notification removes the scheduled excise levy. Using authority under sub-rule (1) of rule 8 of the Central Excise Rules, 1944, the government exempted Liquid Explosives under heading 36.01 of the Central Excise Tariff Schedule from the whole of the duty of excise leviable thereon as specified in that Schedule.
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Exemption of liquid explosives from excise duty under a rule-making notification removes the scheduled excise levy.
Using authority under sub-rule (1) of rule 8 of the Central Excise Rules, 1944, the government exempted Liquid Explosives under heading 36.01 of the Central Excise Tariff Schedule from the whole of the duty of excise leviable thereon as specified in that Schedule.
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