Exemption to Compounded Rubber falling under Heading No. 40.05 during 28-2-1986 to 24-5-1987 - 246/88 - Central Excise - Tariff

Exemption to Compounded Rubber falling under Heading No. 40.05 during 28-2-1986 to 24-5-1987

Notification No. 246/88-C.E.

Dated 26-8-1988

Whereas the Central Government is satisfied that according to a practice that was generally prevalent regarding levy of duty of excise (including non-levy thereof) under section 3 of the Central Excises and Salt Act, 1944 (1 of 1944), the duty of excise on compounded rubber, falling under heading No. 40.05 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) and used in the factory of production for the manufacture of goods falling within Chapter 40 of the said Schedule, was not being levied under the said section 3 of the first-mentioned Act during the period commencing on the 28th day of February, 1986 and ending with the 24th day of May, 1987.

Now, therefore, in exercise of the powers conferred by section 11C of the first-mentioned Act, the Central Government hereby directs that the whole of the duty of excise payable under the said Act on such compounded rubber, but for the said practice, shall not be required to be paid in respect of such compounded rubber on which the said duty of excise was not levied during the period aforesaid in accordance with the said practice.