Exemption to Magnetic Ferrite with a binder [Chapter 38] - 02/1990 - Central Excise - Non Tariff

Exemption to Magnetic Ferrite with a binder [Chapter 38]

Notification No. 2/90-C.E. (N.T.)

Dated 1-3-1990

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 Section 3 of the Central Excises and Salt Act, 1944 (1 of 1944), the duty of excise on magnetic ferrite with a binder (in the form of powder/pellet) falling within Chapter 38 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), was not being levied under the said Section 3, during the period commencing on the 28th day of February, 1986 and ending with the 28th February, 1989;

Now, therefore, in exercise of the powers conferred by Section 11-C of the said Act the Central Government hereby directs that the whole of the duty of excise payable under the said Act on such magnetic ferrite with a binder, but for the said practice shall not be required to be paid in respect of such magnetic ferrite with a binder, on which the said duty of excise was not levied during the period aforesaid, in accordance with the said practice.