Concessional rate of duty to circular loom required by jute mills - 071/89 - Central Excise - Tariff

Concessional rate of duty to circular loom required by jute mills

Notification No. 71/89-C.E.

Dated 1-3-1989

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 circular looms, falling within Chapter 84 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), 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 fifteen per cent ad valorem;

Provided that the manufacturer shall, at the time of clearance of such looms, produce a certificate from an officer not below the rank of a Deputy Secretary in the Ministry of Textiles to the Assistant Collector having jurisdiction to the effect that the mill for which the loom is cleared, is covered under the Jute Modernisation Fund Scheme.