Paper and paper-boards or articles -15% duty if produced in composit unit - 73/95 - Central Excise - Tariff

Paper and paper-boards or articles -15% duty if produced in composit unit Notification No. 73/95-C.E. Dated 20-3-1995 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 paper and paperboard or articles made therefrom (hereinafter referred to as the said goods) falling within Chapter 48 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), cleared from a factory (hereinafter referred to as the said factory), from so much of the duty of excise leviable thereon which is specified in the said Schedule, as is in excess of the amount calculated at the rate of 15 per cent ad valorem : Provided that the said goods have been manufactured, starting from the stage of pulp, in the said factory, and such pulp contains not less than 50 per cent by weight of pulp made from materials, other than bamboo, hard woods, soft woods, reeds (other than sarkanda) or rags. Provided further that the exemption contained in this notification shall not apply to clearances made from a factory on or after the 1st day of April in any financial year if the exemption under the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 1/93-Central Excises, dated the 28th February, 1993 is availed of by the manufacturer of the said goods during the course of such financial year.