Excise duty cap on gummed adhesive paper limits liability to a prescribed ad valorem rate; excess duty excluded. The notification exempts gummed or adhesive paper in strips or rolls by capping excise liability: any duty in excess of the amount computed at an ad valorem rate of 15 per cent is excluded, applying to the product as classified in the tariff schedule and implemented under rule-making powers derived from the Central Excise Rules.
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Excise duty cap on gummed adhesive paper limits liability to a prescribed ad valorem rate; excess duty excluded.
The notification exempts gummed or adhesive paper in strips or rolls by capping excise liability: any duty in excess of the amount computed at an ad valorem rate of 15 per cent is excluded, applying to the product as classified in the tariff schedule and implemented under rule-making powers derived from the Central Excise Rules.
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