Exemption to Cupro-nickel and Aluminium Magnesium strips falling within Chapter 74, 75, 76 or 81 - 165/90 - Central Excise - Tariff

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

Notification No. 165/90-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 in the public interest so to do, hereby exempts Cupro-nickel and Aluminium Magnesium strips falling within Chapter 74, 75, 76 or 81 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), and in the manufacture of which waste and scrap of Cupro-nickel and Aluminium Magnesium supplied by India Government Mint has been used, 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 strips are used in production of coins in India Government Mint; and

(ii) the procedure set out in Chapter X of the Central Excise Rules, 1944 is followed.