Exemption to certain varieties of nylon filament yarn subject to certain conditions - 074/88 - Central Excise - Tariff

Exemption to certain varieties of nylon filament yarn subject to certain conditions

Notification No. 74/88-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 nylon filament yarn of denierage 400 and above and of tenacity exceeding 6.5 grams per denier, falling under sub-heading No. 5402.11 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) and proved to the satisfaction of an officer not below the rank of the Assistant Collector of Central Excise to be meant for use for industrial purposes, 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 rupees seven and paise fifteen per kilogram.

Explanation. - For the purposes of this notification, the expression "industrial purposes" shall not include manufacture of nylon filament yarn fabrics falling under Chapter 54 or 55 of the said Schedule.