Exemption to mother yarn captively used in the manufacture of split yarn - 075/88 - Central Excise - Tariff

Exemption to mother yarn captively used in the manufacture of split yarn

Notification No. 75/88-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 mother yarn falling under heading No. 54.02 or 54.04 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), when used in the factory of production for the manufacture of split yarn falling under the said heading, from the whole of the duty of excise leviable thereon which is specified in the said Schedule.

2. Nothing contained in this notification shall apply to a manufacturer who avails of the exemption in respect of split yarn under the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 53/87-Central Excises, dated the 1st March, 1987.