Excise exemption for melamine and urea formaldehyde resins limits duty to a specified ad valorem rate during a notified period. Melamine formaldehyde resins and Urea formaldehyde resins under Chapter 39 are exempted from excise duty to the extent duty exceeds an ad valorem rate of fifteen per cent, the exemption being issued under sub rule (1) of rule 8 of the Central Excise Rules, 1944 and superseding the earlier notification of 1 November 1982; the exemption is time limited by specified commencement and terminal dates.
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Provisions expressly mentioned in the judgment/order text.
Excise exemption for melamine and urea formaldehyde resins limits duty to a specified ad valorem rate during a notified period.
Melamine formaldehyde resins and Urea formaldehyde resins under Chapter 39 are exempted from excise duty to the extent duty exceeds an ad valorem rate of fifteen per cent, the exemption being issued under sub rule (1) of rule 8 of the Central Excise Rules, 1944 and superseding the earlier notification of 1 November 1982; the exemption is time limited by specified commencement and terminal dates.
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