Prescribes effective rates of duty on motor vehicles of Heading No. 87.03 and on cars registered as taxi - 64/93 - Central Excise - Tariff

Prescribes effective rates of duty on motor vehicles of Heading No. 87.03 and on cars registered as taxi

Notification No. 64/93-C.E.

Dated 28-2-1993

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 all goods falling under heading No. 87.03 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), 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 40 per cent ad valorem :

Provided that in a case where a saloon car after clearance has been registered for use solely as a taxi, the manufacturer of the said saloon car shall be entitled to a further exemption of duty of 7 percentage points subject to the following conditions, namely,-

(i) the manufacturer at the time of clearance of such saloon car has paid excise duty calculated at the rate of 40 per cent ad valorem;

(ii)  the manufacturer furnishes to the Assistant Collector of Central Excise a certificate from an officer authorised by the concerned State Transport Authority in this behalf to the effect that such saloon car has been registered for use solely as a taxi, within three months of the date of clearance of the said saloon car from the factory of manufacture or such extended period as the said Assistant Collector may allow;

(iii) the manufacturer had not collected from the person in whose name such saloon car has been registered as a taxi, or in a case had collected and has refunded to such person, the amount equivalent of such further exemption of duty; and

(iv) the manufacturer files a claim for refund of duty in terms of section 11B of Central Excises and Salt Act, 1944 (1 of 1944).