Effective rates of excise duty on audio magnetic tapes and unrecorded audio cassettes - 118/88 - Central Excise - Tariff

Effective rates of excise duty on audio magnetic tapes and unrecorded audio cassettes

Notification No. 118/88-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, and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 157/87-Central Excises, dated the 5th June, 1987, the Central Government hereby exempts the goods of the description specified in column (3) of the Table hereto annexed and falling under the heading number of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), specified in the corresponding entry in column (2) of the said Table, 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 specified in the corresponding entry in column (4) of the said Table :-

THE TABLE

S. No.	Heading No.	Description of the goods	Rate
(1)	(2)	(3)	(4)
1.	85.23	Audio magnetic tapes in the form of Jumbo rolls, pancakes, mini-pancakes, hubs or reels designed for use in the manufacture of audio cassettes	Rs. 4 per sq. m.
2.	85.23	Audio magnetic tapes other than those covered by S. No. 1 above.	25% ad valorem
3.	85.23	Unrecorded audio cassettes	Nil