Exemption to polyester tops and tows falling under Sub-heading no. 5501.20 cleared during 1-3-1988 to 17-4-1988 - 09/92 - Central Excise - Non Tariff

Exemption to polyester tops and tows falling under Sub-heading no. 5501.20 cleared during 1-3-1988 to 17-4-1988

Notification No. 9/92-C.E. (N.T.)

Dated 5-3-1992

Whereas the Central Government is satisfied that according to a practice that was generally prevalent regarding levy of duty of excise (including non-levy thereof) under the Central Excises and Salt Act, 1944 (1 of 1944), polyester tops and tows falling under sub-heading No. 5501.20 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) were liable to a higher rate of duty of excise than what was being levied at the rate applicable to the said heading No. 5501.20 during the period commencing on the 1st March, 1988 and ending with the 17th April, 1988 ;

Now, therefore, in exercise of the powers conferred by section 11C of the Central Excises and Salt Act, 1944 (1 of 1944), the Central Government hereby directs that the whole of that portion of the duty of excise payable under section 3 of the said Act on such polyester tops and tows, but for the said practice, shall not be required to be paid in respect of such polyester tops and tows on which the said duty of excise was short-levied during the said period in accordance with the said practice.