Set-off of excise duty allowed where inputs were specified former goods, exempting excess duty over previous levy. Exemption allows goods in the Central Excise Tariff Schedule, manufactured using Annexure-listed raw materials or component parts formerly classifiable under the prior First Schedule item, to be relieved of that portion of duty which exceeds the duty leviable on such inputs immediately before commencement of the Central Excise Tariff Act; this temporal exemption applies from the Act's commencement and continues only until the terminal date stated in the notification.
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.
Set-off of excise duty allowed where inputs were specified former goods, exempting excess duty over previous levy.
Exemption allows goods in the Central Excise Tariff Schedule, manufactured using Annexure-listed raw materials or component parts formerly classifiable under the prior First Schedule item, to be relieved of that portion of duty which exceeds the duty leviable on such inputs immediately before commencement of the Central Excise Tariff Act; this temporal exemption applies from the Act's commencement and continues only until the terminal date stated in the notification.
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