Exemption to primary gold converted from any form of gold falling within Chapter 71 - 157/90 - Central Excise - Tariff

Exemption to primary gold converted from any form of gold falling within Chapter 71

Notification No. 157/90-C.E.

Dated 16-11-1990

In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excises and Salt Act, 1944 (1 of 1944), and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 94/81-Central Excises, dated 1st April, 1981, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts primary gold converted with s. the aid of power from any form of gold and falling within chapter 71 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) from so much of that portion 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 Rs. 175/- per kilogram.

Explanation: For the purposes of this notification, primary gold, means gold in any unfinished or semi-finished form and includes ingots, bars, blocks, slabs, billets, shots, pellets, rods, sheets, foils and wires".