Effective rate of excise duty on drilling rigs mounted on motor vehicle chassis - 120/88 - Central Excise - Tariff

Effective rate of excise duty on drilling rigs mounted on motor vehicle chassis

Notification No. 120/88-C.E.

Dated 1-3-1988

In exercise of the powers conferred by sub-rule (1) of rule 8 of the Central Excise Rules, 1944, the Central Government hereby exempts drilling rigs mounted on motor vehicle chassis, falling under heading No. 87.05 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 equivalent to the duty of excise leviable with reference to that part of the value thereof which represents the value of the chassis and the compressor used in such drilling rigs :

Provided that the duty of excise leviable on the chasis and the compressor used in such drilling rigs which is specified in the said Schedule, has been paid :

Provided further that no credit of the duty paid on the chassis and the compressor used in such drilling rigs has been taken under rule 56A or 57A of the said Rules.