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    <description>Prescribes effective excise duty rates by exempting, for listed goods, that portion of duty and special duty exceeding rates specified in the Table (ad valorem unless otherwise stated). Application is by Chapter/heading/sub heading entries and includes Nil rates, percentage reductions of First Schedule duty, or fixed per unit rates. Exemptions are conditional on Annexure requirements and procedural proofs (capacity declarations, certificates, Chapter X compliance, non availment of certain input credits, quantity caps, and specified documentary formalities). Several appended Lists identify eligible drugs, inputs, machinery and medical and energy items.</description>
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      <description>Prescribes effective excise duty rates by exempting, for listed goods, that portion of duty and special duty exceeding rates specified in the Table (ad valorem unless otherwise stated). Application is by Chapter/heading/sub heading entries and includes Nil rates, percentage reductions of First Schedule duty, or fixed per unit rates. Exemptions are conditional on Annexure requirements and procedural proofs (capacity declarations, certificates, Chapter X compliance, non availment of certain input credits, quantity caps, and specified documentary formalities). Several appended Lists identify eligible drugs, inputs, machinery and medical and energy items.</description>
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