Set-off of S.E.D. paid on inputs in certain circumstances - 193/88 - Central Excise - Tariff

Set-off of S.E.D. paid on inputs in certain circumstances

Notification. No. 193/88-C.E.

Dated 13-5-1988

In exercise of the powers conferred by sub-rule (1) of rule 8 of the Central Excise Rules, 1944, read with sub-section (4) of section 82 of the Finance Act, 1988 (26 of 1988), the Central Government hereby exempts goods which have been subjected to a special duty of excise under the aforesaid section, from so much of the special duty of excise leviable thereon as is equivalent to the special duty of excise already paid on other excisable goods (hereinafter referred to as 'inputs') used in the manufacture of the said goods :

Provided that the exemption contained in this notification shall be applicable only to those goods, in respect of which notifications under sub-rule (1) of rule 8 of the aforesaid Rules have been issued by the Central Government exempting them from so much of the duty of excise leviable thereon under the Central Excises and Salt Act, 1944 (1 of 1944), as is equivalent to the duty of excise under the said Central Excises and Salt Act already paid on the inputs specified in the respective noti­fications.