Excise exemption for mineral waters caps payable excise duty to a specified ad valorem rate under the tariff heading. The notification limits excise liability on mineral waters falling under the stated tariff sub heading by exempting duty in excess of the amount calculated at the prescribed ad valorem rate, creating a schedule based ceiling on duty for such classified goods.
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Provisions expressly mentioned in the judgment/order text.
Excise exemption for mineral waters caps payable excise duty to a specified ad valorem rate under the tariff heading.
The notification limits excise liability on mineral waters falling under the stated tariff sub heading by exempting duty in excess of the amount calculated at the prescribed ad valorem rate, creating a schedule based ceiling on duty for such classified goods.
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