Excise exemption caps duty on specific olefinic hydrocarbons at a fixed ad valorem rate, subject to temporal limits. Exemption limits excise duty on ethylene, propylene, butylene and butadiene (sub heading 2711.12) to the amount calculated at the rate of twelve per cent ad valorem, excluding those derived from refining of crude petroleum or shale; the exemption is enacted under sub rule (1) of rule 8, Central Excise Rules, 1944, and is effective from commencement of the Central Excise Tariff Act, 1985 until 28 February 1986.
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 caps duty on specific olefinic hydrocarbons at a fixed ad valorem rate, subject to temporal limits.
Exemption limits excise duty on ethylene, propylene, butylene and butadiene (sub heading 2711.12) to the amount calculated at the rate of twelve per cent ad valorem, excluding those derived from refining of crude petroleum or shale; the exemption is enacted under sub rule (1) of rule 8, Central Excise Rules, 1944, and is effective from commencement of the Central Excise Tariff Act, 1985 until 28 February 1986.
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