https://www.taxtmi.com/notifications?id=15828 Goods under Heading No. 87.03 are exempted from excise duty to the extent duty exceeds the amount calculated at the rate of 40 per cent ad valorem. Saloon cars later registered solely as taxis qualify for an additional 7 percentage point exemption provided the manufacturer paid duty at the 40 per cent rate at clearance, furnishes a State Transport Authority certificate of taxi registration within three months or extended period, did not retain (or refunded) any equivalent amount from the purchaser, and files a refund claim under the prescribed refund procedure. en-us Sun, 28 Feb 1993 00:00:00 +0530 Thu, 16 Jul 2009 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=15828 Goods under Heading No. 87.03 are exempted from excise duty to the extent duty exceeds the amount calculated at the rate of 40 per cent ad valorem. Saloon cars later registered solely as taxis qualify for an additional 7 percentage point exemption provided the manufacturer paid duty at the 40 per cent rate at clearance, furnishes a State Transport Authority certificate of taxi registration within three months or extended period, did not retain (or refunded) any equivalent amount from the purchaser, and files a refund claim under the prescribed refund procedure. Notifications Central Excise Sun, 28 Feb 1993 00:00:00 +0530 https://www.taxtmi.com/notifications?id=15828