Excise duty exemptions updated: specified foodstuffs, silicon and IV fluids now nil-rated; retail biscuit packs partially taxed. The notification inserts nil-duty entries for Tapioca Starch, Compounded Asafoetida, Silicon in all forms and Intravenous fluids; it creates a special duty treatment for retail-packed Biscuits not exceeding 100g and the stipulated retail sale price by subjecting such packs to fifty percent of the duty specified in the First Schedule and defining 'retail sale price.' It raises an Annexure threshold from 2500 Metric Tonnes to 3500 Metric Tonnes and clarifies no refund of duty for clearances exceeding the lower threshold during the specified early-April-to-May period, and adds E-MAL (Alpha-beta Arteether) to LIST 1.
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 duty exemptions updated: specified foodstuffs, silicon and IV fluids now nil-rated; retail biscuit packs partially taxed.
The notification inserts nil-duty entries for Tapioca Starch, Compounded Asafoetida, Silicon in all forms and Intravenous fluids; it creates a special duty treatment for retail-packed Biscuits not exceeding 100g and the stipulated retail sale price by subjecting such packs to fifty percent of the duty specified in the First Schedule and defining "retail sale price." It raises an Annexure threshold from 2500 Metric Tonnes to 3500 Metric Tonnes and clarifies no refund of duty for clearances exceeding the lower threshold during the specified early-April-to-May period, and adds E-MAL (Alpha-beta Arteether) to LIST 1.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
