Exemption to textured synthetic filament yarn manufactured out of duty paid synthetic filament yarn [Chapter 54] - 77/94 - Central Excise - Tariff

Exemption to textured synthetic filament yarn manufactured out of duty paid synthetic filament yarn [Chapter 54]

Notification No. 77/94-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 textured synthetic filament yarn (other than of polyester) falling under heading No. 54.03 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) and manufactured out of synthetic filament yarn (other than of polyester) falling under heading No. 54.02 of the said Schedule, 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 filament yarn falling under heading No. 54.02 of the Schedule to the first mentioned Act :

Provided that no credit of the duty paid on the synthetic filament yarn (other than of polyester) falling under heading No. 54.02 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 textured synthetic filament yarn :-

(i) manufactured out of synthetic filament yarn (other than of polyester) falling under heading No. 54.02 of the said Schedule which is established to have been cleared from the factory of manufacture of such yarn before the 1st day of March, 1994; or

(ii) manufactured out of yarn falling under heading No. 54.02 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 before the 1st day of March, 1994.

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