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TMI BlogCentral Excise - Notification 38/99-C.E., dated 16-9-99-Supreme Court decision in the case of M/s. Hyderabad Industries Ltd., Regarding charging section for levy of additional duty of customs - Regarding.X X X X Extracts X X X X X X X X Extracts X X X X ..... oard of Excise & Customs, New Delhi Subject : Central Excise - Notification 38/99-C.E., dated 16-9-99-Supreme Court decision in the case of M/s. Hyderabad Industries Ltd., Regarding charging section for levy of additional duty of customs - Regarding. I am directed to refer to Notification No. 38/99-C.E., dated 16-9-99 which amends Notification No. 2/95-C.E., dated 4-1-95, 20/97-C.E., dated 11-4- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a, if imported into India. Under Notification No. 2/95-C.E., dated 4-1-1995, 20/97-C.E., dated 11-4-1997 and 13/98-C.E., dated 2-6-98, concessional excise duties equal to 50%, 50% and 30% of the aggregate of such customs duties respectively have been prescribed in respect of the DTA clearances of the goods specified under the respective notifications. 3. In the case of M/s. Hyderabad Industries L ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... itably amend each of the Notification No. 2/95-C.E., 20/97-C.E. and 13/98-C.E. As a result, duty on DTA clearances by EOUs, etc., will be computed in the same manner as was being done before but with one change. 5. The change is that the excise duty payable under the said notifications is subject to the statutory ceiling prescribed in terms of the proviso to sub-section (1) of section 3 of the Ce ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n No. 2/95-C.E. = Min [15%, 17.5%] = 15% Illustration 2 : Suppose effective rate of basic customs duty on the product X above is 25% (surcharge 2.5%), then the computations will be as follows : Maximum excise duty payable in terms of proviso to section 3(1) = 25% Aggregate of customs duties leviable under the Customs Act or under any other law in force (equal to the duty in terms of Notific ..... X X X X Extracts X X X X X X X X Extracts X X X X
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