Exemption to steel bead wire rings falling within Chapter 73 - 41/89 - Central Excise - Non Tariff

Exemption to steel bead wire rings falling within Chapter 73

Notification No. 41/89-C.E. (N.T.)

dated 31-8-1989

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 steel bead wire rings falling within the Chapter 73 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) and used in the manufacture of cycle/cycle rickshaw tyres was not being levied during the period commencing from 1st March, 1986 and ending with 12th May, 1988.

Now, therefore, in exercise of the powers conferred by Section 11C of the said Central Excises and Salt Act, 1944, the Central Government hereby directs that the whole of the duty of excise payable under the said Act on such steel bead wire rings, but for the said practice, shall not be required to be paid in respect of such steel bead wire rings, on which the said duty of excise was not levied during the period aforesaid in accordance with the said practice.