Polyester Filament Yarn or Polyester Staple Fibre falling under Heading 54.02 or 55.01 - 186/89 - Central Excise - Tariff

Polyester Filament Yarn or Polyester Staple Fibre falling under Heading 54.02 or 55.01

Notification No. 186/89-C.E.

Dated 24-10-1989

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 filament yarn or polyester staple fibre falling under Heading No. 54.02 or 55.01 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), from so much of the duty of excise leviable thereon as is specified in the said Schedule as is in excess of the amount calculated at the rate of 50% of the duty for the time being leviable thereon read with any other notification for the time being in force.

Provided that the exemption contained in this notification shall be available to a manufacturer -

(i) who has commenced production in a factory for the first time on or after the 1st day of January, 1988; and

(ii) if his factory is located in an area declared backward by the Government in a State or an Union Territory, as the case may be.

2. This notification shall be in force up to and inclusive of the 31st day of October, 1990.