Excise exemption for soaps made with rice bran and specified minor oils reduces duty based on increased oil usage. Exemption reduces excise duty on soaps under sub headings 3401.11 and 3401.12 when made from indigenous rice bran oil, specified minor oils, or mixtures, calculated by reference to incremental increases in those oils above baseline percentages as an amount per tonne for each additional percentage point. Exemptions are computed separately for each soap variety and any excess over duty is not refundable. Manufacturers may opt to compute on individual charges or monthly basis, may change that election once per financial year with one calendar month's notice, and fractional percentage increases are included in the calculation.
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 soaps made with rice bran and specified minor oils reduces duty based on increased oil usage.
Exemption reduces excise duty on soaps under sub headings 3401.11 and 3401.12 when made from indigenous rice bran oil, specified minor oils, or mixtures, calculated by reference to incremental increases in those oils above baseline percentages as an amount per tonne for each additional percentage point. Exemptions are computed separately for each soap variety and any excess over duty is not refundable. Manufacturers may opt to compute on individual charges or monthly basis, may change that election once per financial year with one calendar month's notice, and fractional percentage increases are included in the calculation.
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