Motor vehicles parts and components used within any other factory of same manufacturer - 64/97 - Central Excise - Tariff

Motor vehicles parts and components used within any other factory of same manufacturer

Notification No. 64/97-C.E.

Dated 21-10-1997

In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts parts and components of motor vehicles, falling under Chapter 84 or Chaptr 87, of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) (hereinafter referred to as the said Act), manufactured in a factory and used within any other factory of the same manufacturer in or in relation to the manufacture of goods, falling under the sub-heading Nos. 8702.90, 8704.20, 8706.29 and 8706.42 of the Schedule to the said Act, from so much of the duty of excise leviable thereon which is specified in the said Schedule as is in excess of the duty calculated on sixty per cent. of the value of such parts and components as determined under section 4 of the Central Excise Act, 1944 (1 of 1944) when sold by the manufacturer as spares.

2. The exemption contained in this notification shall be subject to such procedure as the Commissioner of Central Excise may specify.