Exemption to petroleum products falling under Chapter 27 from whole of the duty of Excise under circumstances of exceptional nature - Central Excise - 1/88

Exemption to petroleum products falling under Chapter 27 from whole of the duty of Excise under circumstances of exceptional nature Order No. 1/88 Dated 5-2-1988 F. No. 261/6/18/86-CX.8 Government of India Ministry of Finance (Department of Revenue) New Delhi Subject : Exemption to petroleum products falling under Chapter 27 from whole of the duty of Excise under circumstances of exceptional nature. In exercise of the powers conferred by sub-rule (2) of rule 8 of the Central Excise Rules, 1944, and in supersession of the order No. 3/78, dated 13-6-1978, the Central Board of Excise and Customs being satisfied that circumstances of exceptional nature exist, hereby directs that the petroleum products described in the table hereto annexed shall be exempt from whole of the duty of excise leviable thereon :- TABLE Sl.No. Description 1. Petroleum products falling under Chapter 27 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) produced by M/s. Bharat Petroleum Corporation Limited, Bombay and received by M/s. Hindustan Petroleum Corporation Limited, Bombay and used as fuel, or utilised as fuel after processing of any type, or utilised in any other manner for the manufacture or production of finished petroleum products falling under Chapter 27 of the said Schedule. 2. Petroleum products falling under Chapter 27, of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) produced by M/s. Hindustan Petroleum Corporation Limited, Bombay and received by M/s. Bharat Petroleum Corporation Limited, Bombay and used as fuel, or utilised as fuel after processing of any type, or utilised in any other manner for the manufacture or production of finished petroleum products falling under Chapter 27 of the said schedule.