Naphtha to attract 16% Central Excise duty - 023/2006 - Central Excise - Tariff

Naphtha to attract 16% Central Excise duty Superceded vide notification no. 18/2009 CE dated 7/7/2009 Notification No. 23/2006-CE Dated 01/03/2006 In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts Naphtha falling under heading 2710 of the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) from so much of the duty of excise leviable thereon under the First Schedule to the Central Excise Tariff Act, as is in excess of the amount calculated at the rate of 16 percent ad volorem. (F.No. 334/3/2006-TRU) (Ajay) Under Secretary to Government of India