Exemption to Raw Naphtha and Natural Gasoline Liquified [Ch. 27] - 144/90 - Central Excise - Tariff

Exemption to Raw Naphtha and Natural Gasoline Liquified [Ch. 27]

Notification No. 144/90-C.E.

Dated 17-9-1990

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 raw naphtha and natural gasoline liquified falling within Chapter 27 of the Schedule to Central Excise Tariff Act, 1985 (5 of 1986), and intended for use in the manufacture of pentanes and heptanes from so much 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. 60 per kilolitre at 15°C on the quantity of raw naphtha or natural gasoline liquified consumed in the manufacture of pentanes and heptanes:

Provided where such use is elsewhere than in the factory of manufacture, the procedure set out in Chapter X of the Central Excise Rules, 1944 shall be followed.

Explanation: The amount of raw naphtha or natural gasoline liquified consumed in the manufacture of pentanes and heptanes shall be calculated by subtracting from the quantity of raw naphtha or natural gasoline liquified received by the factory manufacturing the products, the quantity of raw naphtha or natural gasoline liquified or a mixture thereof returned by a factory to a refinery, declared as such under sub-rule (2) of rule 140 of the Central Excise Rules, 1944.