Exemption to gold falling under Sub-heading No. 7101.39 - 211/88 - Central Excise - Tariff

Exemption to gold falling under Sub-heading No. 7101.39

Notification No. 211/88-C.E.

Dated 7-6-1988

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 gold, falling under sub-heading No. 7101.39 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) and manufactured in a mine within the meaning of clause (i) of section 2 of the Mines Act, 1952 (35 of 1952), was not being levied during the period commencing on the 1st March, 1986 and ending with the 30th September, 1986 under the said section read with any notification issued by the Central Government in relation to the duty of excise as chargeable during the said period.

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