Effective rate of excise duty on cash registers (heading No. 84.70) costing not more than Rs. 10,000/- - 114/88 - Central Excise - Tariff

Effective rate of excise duty on cash registers (heading No. 84.70) costing not more than Rs. 10,000/-

Notification No. 114/88-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 cash registers, falling under heading No. 84.70 of the schedule to the Central Excise Tariff Act, 1985 (5 of 1986), and of a value not exceeding rupees ten thousand per cash register, 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 of 10 per cent ad valorem.

Explanation. - In this notification, the expression "value" means the value as determined in accordance with the provisions of Section 4 of the Central Excises and Salt Act, 1944 (1 of 1944).