Exemption to double or multifold yarn including cabled yarn falling within Chapters 52, 54 and 55 manufactured out of duty paid yarns falling within Chapters 52, 54 and 55 - 79/94 - Central Excise - Tariff

Exemption to double or multifold yarn including cabled yarn falling within Chapters 52, 54 and 55 manufactured out of duty paid yarns falling within Chapters 52, 54 and 55

Notification No. 79/94-C.E.

Dated 6-4-1994

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 double or multifold yarn including cabled yarn, falling within Chapters 52, 54 and 55 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) and manufactured out of yarns falling within Chapters 52, 54 and 55 of the said Schedule (hereinafter referred to as the said yarns) from so much of the duty of excise leviable thereon under the first mentioned Act, as is equivalent to the duty of excise leviable under the first mentioned Act or the additional duty of customs leviable under section 3 of the Customs Tariff Act, 1975 (51 of 1975), as the case may be, which has already been paid on the said yarns falling within Chapters 52, 54 and 55 of the said Schedule :

Provided that no credit of the duty paid on the said yarns falling within Chapters 52, 54 and 55 of the said Schedule has been taken under rule 56A of the Central Excise Rules, 1944 :

Provided further that the exemption contained in this notification shall be applicable only in respect of such double or multifold yarn including cabled yarn :-

(i) manufactured out of the said yarns falling within Chapters 52, 54 and 55 of the said Schedule which is established to have been cleared from the factory of manufacture of such yarn on or before the 5th day of April, 1994; or

(ii) manufactured out of the said yarns falling within Chapters 52, 54 and 55 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) which is established to have been imported and cleared for home consumption on or before the 5th day of April, 1994,

2. This notification shall remain in force upto and inclusive of the 30th day of April, 1994.