Exemption to motorised two-wheelers of engine capacity not exceeding 25CC falling under Heading No. 87.11 - 227/88 - Central Excise - Tariff

Exemption to motorised two-wheelers of engine capacity not exceeding 25CC falling under Heading No. 87.11

Notification No. 227/88-C.E.

Dated 6-7-1988

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 motorised two-wheelers of engine capacity not exceeding 25 cubic centimetres, falling under heading No. 87.11 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 10 per cent ad valorem :

Provided that the value of such motorised two-wheelers does not exceed Rs. 3,000/- per two-wheeler.

Explanation : For the purpose of this notification, the expression "value" means the value as determined in accordance with the provisions of Section 4 of the Central Excises and Salt Act, 1944 (1 of 1944).