Exemption to waste and scrap of Cupro-nickel and Aluminium Magnesium falling within Chapter 74, 75, 76 or 81 - 166/90 - Central Excise - Tariff

Exemption to waste and scrap of Cupro-nickel and Aluminium Magnesium falling within Chapter 74, 75, 76 or 81

Notification No. 166/90-C.E.

Dated 17-12-1990

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 m the public interest so to do, hereby exempts waste and scrap of Cupro-nickel and Aluminium Magnesium arising during the production of coins in India Government Mint, and falling within Chapter 74, 75, 76 or 81 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), from the whole of the duty of excise leviable thereon, which is specified in the said Schedule; subject to the following conditions, that -

(i) such waste and scrap is cleared from a India Government Mint for conversion into strips on job basis; and

(ii) The India Government Mint gives an undertaking at the time of clearance to the Assistant Collector of Central Excise having jurisdiction over the factory of the job worker that such strips will be returned to the India Government Mint for use in production of coins in the India Government Mint.