Exemption to bright bars falling within Chapter 72 during 1-3-1988 to 19-5-1988. - 04/91 - Central Excise - Non Tariff

Exemption to bright bars falling within Chapter 72 during 1-3-1988 to 19-5-1988.

Notification No. 4/91-C.E. (N.T.)

Dated 6-2-1991

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), the duty of excise on cold formed or cold finished steel bars commonly known as Bright Bars, falling within Chapter 72 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) and made from duty paid inputs on which credit of duty under rule 56A or 57A of the Central Excise Rules, 1944 had not been availed of, was not being levied under section 3 of the first mentioned Act during the period commencing on the 1st day of March, 1988 and ending with the 19th day of May, 1988;

Now, therefore, in exercise of the powers conferred by section 11C of the first mentioned Act, the Central Government hereby directs that the whole of the duty of excise payable under the first mentioned Act on such cold formed or cold finished steel bars, but for the said practice, shall not be required to be paid in respect of such cold formed or cold finished steel bars, on which the said duty of excise was not levied during the period aforesaid, in accordance with the said practice.