Exemption to petroleum gases and other gaseous hydro carbons [Heading 27.11] - 157/89 - Central Excise - Tariff

Exemption to petroleum gases and other gaseous hydro carbons [Heading 27.11]

Notification No. 157/89-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 petroleum gases and other gaseous hydrocarbons, falling under heading No. 27.11 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), (hereinafter referred to as "the said gases"), intended for use in the manufacture of polyisobutylene, from so much of the duty of excise leviable thereon, which is specified in the said Schedule, as is in excess of the duty leviable on the quantity of the said gases consumed in the manufacture of polyisobutylene.

Explanation : For the purposes of this notification, the quantity of the said gases consumed in the manufacture of polyisobutylene shall be calculated by subtracting from the quantity of the said gases received by the factory manufacturing polyisobutylene the quantity of the said gases returned by the factory to the factory which supplied the said gases.