Amendment to Notification No. 175/86-C.E. - 136/88 - Central Excise - Tariff

Amendment to Notification No. 175/86-C.E.

Notification No. 136/88-C.E.

Dated 31-3-1988

In exercise of the powers conferred by sub-rule (1) of rule 8 of the Central Excise Rules, 1944, the Central Government hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 175/86-Central Excises, dated the 1st March, 1986, namely :-

In the said notification, for paragraph 5, the following paragraph shall be substituted, namely :-

"5. Notwithstanding the exemption contained in this notification, in respect of the specified goods which are subjected to concessional rate of duty (other than those specified goods which are wholly exempted from the duty of excise leviable thereon), under this notification, and received on or after the 1st day of April, 1988 in a factory where such goods are used as inputs in or in relation to the manufacture of final products in terms of the provisions of Section AA of Chapter V of the said rules, the credit in respect of such inputs shall be allowed under rule 57B of the said rules, at the rate of duty applicable under this notification plus an amount calculated at the rate of 5% ad valorem, or at the, rate of duty otherwise applicable but for this notification, whichever is less :

Provided that nothing contained in this paragraph shall apply in respect of the inputs which are received in any factory after the 31st day of March, 1989.".

2. This notification shall come into force on the 1st day of April, 1989.