Excise duty exemption for specified Chapter 39 plastics reduces payable duty for listed items subject to stated rates and conditions. Exempts goods of Chapter 39 by replacing the Schedule levy with tabled lower rates under rule 8(1) of the Central Excise Rules, 1944, subject to entry-specific conditions. The Table grants a nil rate for waste, parings and scrap of plastics when arising from goods already subject to excise or additional customs duty; a nil rate for plastic canes; and a reduced rate for specified cellular plates, blocks, sheets, film, foil and strip of plastics other than polyurethane foam.
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 Chapter 39 plastics reduces payable duty for listed items subject to stated rates and conditions.
Exempts goods of Chapter 39 by replacing the Schedule levy with tabled lower rates under rule 8(1) of the Central Excise Rules, 1944, subject to entry-specific conditions. The Table grants a nil rate for waste, parings and scrap of plastics when arising from goods already subject to excise or additional customs duty; a nil rate for plastic canes; and a reduced rate for specified cellular plates, blocks, sheets, film, foil and strip of plastics other than polyurethane foam.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
