Effective Rate of Special Excise Duty for Excisable Goods - 122/90 - Central Excise - Tariff

Effective Rate of Special Excise Duty for Excisable Goods

Notification No. 122/90-C.E.

Dated 31-5-1990

In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excises and Salt Act, 1944 (1 of 1944), read with sub-section (4) of section 67 of the Finance Act, 1990 (12 of 1990) and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 93/90-Central Excises, dated the 20th March, 1990, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts goods falling under the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), from so much of the special duty excise levi­able thereon under sub-section (1) of section 67 of the said Finance Act as is in excess of 5 per cent of the amount so chargeable on such goods :

Provided that nothing contained in this notification shall affect the exemption granted under any other notification of the Government of India for the time being in force from special duty of excise in respect of the goods referred to in this notification.