Effective rate of special excise duty for certain specified goods - 62/92 - Central Excise - Tariff

Effective rate of special excise duty for certain specified goods

Notification No. 62/92-C.E.

Dated 14-5-1992

In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excises and Salt Act, 1944 (1 of 1944), read with sub-section (4) of section 115 of the Finance Act, 1992 (18 of 1992), and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 47/92-Central Excises, dated the 1st March, 1992, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts goods of the description specified in column (2) of the Table hereto annexed and falling under the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), from so much of the special duty of ex­cise leviable thereon under sub-section (1) of the said section as is in excess of the amount calculated at the rate specified in the corresponding entry in column (3) of the said Table, read with any notification for the time being in force issued by the Central Government in relation to the duty of excise so chargeable.

TABLE

Sl. No.	Description of goods	Rate
(1)	(2)	(3)
1.	All goods falling under heading Nos. or sub-heading Nos. 09.01, 09.02, 15.04, 17.01, 2710.29 and 36.05 of the said Schedule.	Nil
2.	All goods falling under sub-heading Nos. 2710.31 and 8711.00 of the said Schedule.	5 per cent of the amount of the duty of excise chargeable on such goods under the said Central Excises and Salt Act.
3.	All goods falling within Chapter 27 (other than goods falling under sub-heading Nos. 2710.29 and 2710.31) and under heading/sub-heading Nos. 85.21, 85.28, 8540.11, 8540.12, 87.03 and 8706.30 of the said Schedule.	10 per cent of the amount of the duty of excise chargeable on such goods under the said Central Excises and Salt Act.