Modvat - Extended to all commodities - 08/95 - Central Excise - Non Tariff

Contents

Modvat - Extended to all commodities

Notification No. 8/95-C.E. (N.T.)

dated 16-3-1995

In exercise of the powers conferred by rule 57A of the Central Excise Rules, 1944, the Central Government hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 5/94-Central Excises (N.T.), dated the 1st March, 1994, namely :-

In the said notification, —

(i) in the opening portion, for item (iii) and the entries relating thereto, the following shall be substituted, namely, —

"(iii) the additional duty of excise under section 3 of the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957); and

(iv) the additional duty under section 3 of the Customs Tariff Act, 1975 (51 of 1975) equivalent to :-

(a) the duty of excise specified under (i) above;

(b) the duty of excise specified under (ii) above; and

(ii) in the first proviso, —

(a) in clause (1), in sub-clause (b), for the words "Electronic Hardware Technology Park", the words "Electronic Hardware Technology Park or Software Technology Parks" shall be substituted;

(b) in clause (2), for the proviso beginning with the words "Provided that the credit of specified duty in so far as it relates to the additional duty of excise" and ending with the words "if such inputs have been permitted to be cleared under rule 57F of the said Rules", the following provisos shall be substituted, namely, —

"Provided that the credit of specified duty in so far as it relates to the additional duty of excise specified under (ii) above or the additional duty specified under (iv)(b) above, allowed in respect of inputs shall be utilised only towards payment of duty of excise leviable under the Additional Duties of Excise (Textiles and Textile Articles) Act, 1978 (40 of 1978), on the final products or, as the case may be, on the inputs, if such inputs have been permitted to be cleared under rule 57F of the said Rules :

Provided further that the credit of specified duty in so far as it relates to the additional duty of excise specified under (iii) above or the additional duty specified under (iv)(c) above, allowed in respect of inputs shall be utilised only towards payment of duty of excise leviable under the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957), on the final products or, as the case may be, on the inputs, if such inputs have been permitted to be cleared under rule 57F of the said Rules :";

(iii) for the Table, the following Table shall be substituted, namely, —

"TABLE

S. No.	Description of inputs	Description of final products
(1)	(2)	(3)
1.	All goods falling within the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), other than the following, namely, -	All goods falling within the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), other than the following, namely, -
	(i) goods classifiable under any heading of Chapter 24 of the Schedule to the said Act;	(i) goods classifiable under any heading of Chapter 24 of the Schedule to the said Act;
	(ii) goods classifiable under heading Nos. 36.05 or 37.06 of the Schedule to the said Act;	(ii) goods classifiable under heading Nos. 36.05 or 37.06 of the Schedule to the said Act;
	(iii) goods classifiable under sub-heading Nos. 2710.11, 2710.12, 2710.13 or 2710.19 (except Natural gasoline liquid) of the Schedule to the said Act;	(iii) woven fabrics classifiable under Chapter 52 or Chapter 54 or Chapter 55 of the Schedule to the said Act.".
	(iv) high speed diesel oil classifiable under heading No. 27.10 of the Schedule to the said Act.