Excisable goods manufactured in a hundred per cent export-oriented undertakings - 293/88 - Central Excise - Tariff

Excisable goods manufactured in a hundred per cent export-oriented undertakings

Notification No. 293/88-C.E.

Dated 9-12-1988

In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excises and Salt Act, 1944 (1 of 1944) (hereinafter referred to as the Central Excises Act), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts all excisable goods specified in the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) (hereinafter referred to as the Central Excise Tariff Act), produced or manufactured in a hundred per cent export-oriented undertaking, from so much of the duty of excise leviable thereon under section 3 of the Central Excises Act as is in excess of the amount equal to the aggregate of -

(i) one hundred and fifty per cent of the duty of excise leviable thereon which is specified in the said Schedule, read with any notification for the time being in force issued by the Central Government in relation to the duty so chargeable on the like goods produced or manufactured in India in an undertaking other than a hundred per cent export-oriented undertaking; and

(ii) the duty of excise leviable thereon under any law other than section 3 of the Central Excises Act read with any notification for the time being in force issued by the Central Government in relation to the duty so chargeable on the like goods produced or manufactured in India in an undertaking other than a hundred per cent export-oriented undertaking :

Provided that the exemption contained in this notification shall apply only in respect of such goods which are wholly produced or manufactured by the hundred per cent export-oriented undertaking concerned out of the raw materials produced or manufactured in India.