Waste of man-made staple fibres and man-made filament yarn - Exempted - 85/95 - Central Excise - Tariff

Waste of man-made staple fibres and man-made filament yarn - Exempted Notification No. 85/95-C.E. Dated 18-5-1995 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 exempts wastes of man-made staple fibres and man-made filament yarns, falling within Chapters 54 and 55 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), from so much of the duty of excise leviable thereon under the Schedule to the said Tariff Act, as is in excess of the amount calculated at the rate of 20% ad valorem : Provided that the exemption contained in this notification shall not apply to a factory producing man-made staple fibres or man-made filament yarns of organic polymers by manufacturing processes, either by, - (a) polymerisation of organic polymers; or (b) chemical transformation of natural organic polymers, irrespective of whether such factory produces such man-made fibre or man-made filaments only or also manufactures any other goods.