MODVAT Scheme withdrawn on cotton fabrics, man-made fibres of Chapters 60.02 - Amendments to Notification Nos. 5/94-C.E. (N.T.) and 351/86-C.E.
Notification No. 12/96-C.E.(N.T.)
Dated 23-7-1996
In exercise of the powers conferred by rule 57A of the Central Excise Rules, 1944, or rule 57J of the said Central Excise Rules, as the case may be, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby directs that each of the notifications of the Government of India in the Ministry of Finance (Department of Revenue) specified in column (2) of the Table hereto annexed, shall be further amended in the manner specified in the corresponding entry in column (3) of the said Table.
TABLE
S. No. |
Notification No. and date |
Amendment |
(1) |
(2) |
(3) |
1. |
5/94-Central Excises (N.T.), dated the 1st March, 1994. |
In the said notification,-
(i) in the fourth proviso, clause (1) beginning with the words, letters and figures "the credit of specified duty paid in respect of inputs, namely, vegetable products falling under sub-heading No. 1504.00" and ending with the letters, words and figures "Rs. 500 per tonne or the actual duty paid, whichever is less :" shall be omitted; |
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(ii) in the Table, in column (3), for the entry, the following entry shall be substituted, namely :- |
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(3) |
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"All goods falling within the Schedue to the Central Excise Tariff Act, 1985 (5 of 1986), other than the following, namely :- |
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(i) goods classifiable under any heading of Chapter 24 of the Schedule to the said Act ; |
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(ii) goods classifiable under heading No. 36.05 or 37.06 of the Schedule to the said Act; |
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(iii) fabrics of cotton or man-made fibres falling within Chapter 52, Chapter 54 or Chapter 55 of the Schedule to the said Act; |
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(iv) fabrics of cotton or man-made fibres falling within heading Nos. 58.01, 58.02, 58.06 (other than goods falling within sub-heading No. 5806.20), 60.01 or 60.02 (other than goods falling within sub-heading No. 6002.10) of the Schedule to the Act.". |
2. |
351/86-Central Excises, dated the 20th June, 1986. |
In the said notification, in column (4), for the entry, the following entry shall be substituted, namely :- |
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(4) |
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"All goods falling within the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), other than the following, namely :- |
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(i) goods classifiable under any heading of Chapter 24 of the Schedule to the said Act; |
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(ii) goods classifiable under heading No. 36.05 or 37.06 of the Schedule to the said Act; |
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(iii) fabrics of cotton or man-made fibres falling within Chapter 52, Chapter 54 or Chapter 55 of the Schedule to the said Act; |
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(iv) fabrics of cotton or man made fibres falling within heading Nos. 58.01, 58.02, 58.06 (other than goods falling within sub-heading No. 5806.20), 60.01 or 60.02 (other than goods falling within sub-heading No. 6002.10) of the Schedule to the Act.". |