Exemption to polyester staple fibre and tow, including tops thereof [Chapter 55] - 160/89 - Central Excise - Tariff

Exemption to polyester staple fibre and tow, including tops thereof [Chapter 55]

Notification No. 160/89-C.E.

Dated 17-7-1989

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 staple fibre and tow, including tops thereof, falling under sub-heading No. 5501.20 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 in excess of the amount calculated at the rate of rupees eight and paise forty-three per kilogram :

Provided that such polyester staple fibre and tow, including tops thereof have been manufactured from wastes, falling within Chapter 54 or 55 of the said Schedule, by the process of recycling of such wastes in India.