Excise exemption for paints and allied goods: reduced duty on home clearances for eligible manufacturers, subject to investment caps. Exemption grants a reduced ad valorem excise duty of two per cent on specified pigments, paints and related goods manufactured with power and cleared for home consumption between 1 April 1985 and 31 March 1986, up to an aggregate clearance value of rupees one crore. Eligibility requires that the industrial unit's capital investment in plant and machinery not exceed rupees twenty lakhs as certified by an Assistant Collector of Central Excise; prior clearances under an earlier notification are included in the aggregate, manufacturers availing a different contemporaneous exemption are excluded, and Zinc Oxide is specifically excluded.
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 exemption for paints and allied goods: reduced duty on home clearances for eligible manufacturers, subject to investment caps.
Exemption grants a reduced ad valorem excise duty of two per cent on specified pigments, paints and related goods manufactured with power and cleared for home consumption between 1 April 1985 and 31 March 1986, up to an aggregate clearance value of rupees one crore. Eligibility requires that the industrial unit's capital investment in plant and machinery not exceed rupees twenty lakhs as certified by an Assistant Collector of Central Excise; prior clearances under an earlier notification are included in the aggregate, manufacturers availing a different contemporaneous exemption are excluded, and Zinc Oxide is specifically excluded.
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 
