Exemption to Polyester staple fibre and Tow including Tops thereof falling under sub-heading No. 5501.20 - 155/90 - Central Excise - Tariff

Exemption to Polyester staple fibre and Tow including Tops thereof falling under sub-heading No. 5501.20

Notification No. 155/90-C.E.

Dated 1-11-1990

In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excises and Salt Act, 1944 (1 of 1944), the Central Government being satisfied that it is necessary in the public interest so to do, hereby exempts polyester staple fibre and tow including tops thereof, falling under sub-heading 5501.20 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. 8.50 per kilogram.

Provided that such polyester staple fibre, tow and tops have been manufactured out of dimethyl terepthalate or terepthalic acid, as the case may be, imported under an Advance Licence issued under the Imports (Control) Order, 1955.