Effective rate of duty for goods cleared by 4 specified refineries in the North-East - 029/2002 - Central Excise - Tariff

Contents

Rescinded vide Notification No. 06/2018 - C. E., Dated 02-02-2018

Effective rate of duty for goods cleared by 4 specified refineries in the North-East

Notification No. 29/2002-Central Excise

Dated 13/05/2002

In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944) read with sub-section (3) of section 111 of the Finance Act, 1998 (21 of 1998), sub-section(3) of section 133 of the Finance Act, 1999 (27 of 1999) and sub-section (3) of section 147 of the Finance Act, 2002 , (20 of 2002) and in supersession of the notification of the Government of India in the Ministry of Finance( Department of Revenue) No 21/2002-Central Excise, dated the 1st March, 2002[ G.S.R. 142 (E), dated the 1st March 2002], the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts goods falling within the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) , and cleared from

(a) Numaligarh Refinery, or

²[(b) Indian Oil Corporation Ltd., Bongaigaon Refinery, or]

(d) Assam Oil Division, Indian Oil Corporation, Digboi,

from so much of each of the duties of excise specified in column(2) of the Table hereto annexed, leviable under the Acts specified in the corresponding entry in column(3) of the said Table, as is in excess of the amount calculated at the rate of fifty per cent. of each of the duties specified in column(2) of the said Table, namely:-

Table

S.No.	Duty	Act
(1)	(2)	(3)
1.	Duty of excise	First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986)
2.	Special duty of excise	Second Schedule to the Central Excise Tariff Act, 1985 (5 of 1986)
3.	Additional duty of excise	Sub-section(1) of section 111 of the Finance Act, 1998 ( 21 of 1998 ) read with the Second Schedule to the said Act
4.	Additional duty of excise	Sub-section(1) of section 133 of the Finance Act, 1999 ( 27 of 1999) read with the Second Schedule to the said Act
5.	Special Additional Excise Duty	Sub-section (1) of section 147 of the Finance Act, 2002 (20 of 2002) read with the Eighth Schedule to the said Finance Act and notification 28/2002-Central Excise dated the 13th May, 2002.

¹[Explanation .- (1) For the removal of doubts, it is hereby declared that the exemption under this notification shall also be available on the said goods if such goods are removed under bond, without payment of the duties of excise specified in column (2) of the said Table, from any of the refineries specified against clauses (a) to (d), to a warehouse and subsequently removed from the said warehouse on payment of fifty percent. of such duties.

(2) This Explanation shall have effect as if it had always been the part of this notification.]

(G. D. Lohani)

Under Secretary to the Government of India

F.No.B10/3/2002-TRU

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Notes :

1. Has been inserted vide Notification No. 34/2002 CE dated 21-6-2002

2 Has been substituted vide notification no. 5/2009 CE dated 27-4-2009