Excise exemption for paper and paperboard reduces duty to capped rate subject to pulp content and clearance conditions. Exemption reduces excise duty on Chapter 48 paper and paperboard to an amount equal to ten percent ad valorem plus a fixed per tonne levy, conditioned on pulp containing at least fifty percent by weight of pulp made from materials other than bamboo, hard woods, soft woods, reeds or rags; excluding specified subheadings; and limited to clearances from factories with attached bamboo/wood pulp plants or where aggregate clearances in the preceding financial year exceeded the notification's clearance threshold.
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Provisions expressly mentioned in the judgment/order text.
Excise exemption for paper and paperboard reduces duty to capped rate subject to pulp content and clearance conditions.
Exemption reduces excise duty on Chapter 48 paper and paperboard to an amount equal to ten percent ad valorem plus a fixed per tonne levy, conditioned on pulp containing at least fifty percent by weight of pulp made from materials other than bamboo, hard woods, soft woods, reeds or rags; excluding specified subheadings; and limited to clearances from factories with attached bamboo/wood pulp plants or where aggregate clearances in the preceding financial year exceeded the notification's clearance threshold.
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