Exemption to CNC Machine Tools [Ch. 84) - 253/88 - Central Excise - Tariff

Exemption to CNC Machine Tools [Ch. 84)

Notification No. 253/88-C.E.

Dated 16-9-1988

In exercise of the powers conferred by sub-section (1) of Section 5A of the Central Excises and Salt Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts CNC machine tools 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 5 per cent ad valorem.