Exemption to goods manufactured in a 100% EOU or FTZ and cleared to a person holding a duty free import licence - 107/95 - Central Excise - Tariff

Exemption to goods manufactured in a 100% EOU or FTZ and cleared to a person holding a duty free import licence Notification No. 107/95-C.E. Dated 28-8-1995 In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excises and Salt Act, 1944, (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 82/92-Central Excises, dated the 27th August, 1992, - In the said notification, - (1) for the words and figures "para 65 of the Export and Import Policy", the words and figures "para 64 or para 65 of the Export and Import Policy, as the case may be", shall be substituted; (2) in condition (ii), after the words "clearance of the said goods" and before "Explanation", the following proviso shall be inserted, namely, - "Provided that in the case of such clearance of the said goods against advance release order issued against duty free import licence, when such licence is issued on or after 1st April, 1995, the exemption contained in this notification shall be available only to that portion of duty of excise leviable thereon under section 3 of the Central Excises and Salt Act, 1944 (1 of 1944), as is equal to the duty of customs leviable on like goods produced or manufactured outside India if imported into India, which is specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975)".