Exemption to Gold Potassium Cyanide during 1-6-1981 to 16-7-1987 [Chapter 28] - 22/90 - Central Excise - Non Tariff

Exemption to Gold Potassium Cyanide during 1-6-1981 to 16-7-1987 [Chapter 28]

Notification No. 22/90-C.E. (N.T.)

Dated 18-6-1990

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 gold potassium cyanide, manufactured from gold and used in the electronic industry and falling within Chapter 28 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), as is equivalent to the duty of excise leviable on the value of gold used in the manufacture of such gold potassium cyanide, was not being levied under section 3 of the first-men­tioned Act, during the period commencing on the 1st day of June, 1981 and ending with the 16th day of July, 1987.

Now, therefore, in exercise of the powers conferred by section 11C of the first-mentioned Act, the Central Government hereby directs that the duty of excise on gold potassium cyanide as is equivalent to the duty of excise payable on the value of gold used in the manufacture of such gold potassium cyanide under the first-mentioned Act, but for the said practice, shall not be required to be paid in respect of such gold potassium cyanide on which the said duty of excise were not levied during the period aforesaid, in accordance with the said practice.