Exemption to L.P.G. used for manufacture of propylene - 256/87 - Central Excise - Tariff

Exemption to L.P.G. used for manufacture of propylene

Notification No. 256/87-C.E.

Dated 25-11-1987

In exercise of the powers conferred by sub-rule (1) of rule 8 of the Central Excise Rules, 1944, the Central Government hereby exempts liquefied petroleum gases, (hereinafter referred to as "L.P.G."), falling under Heading No. 27.11 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) and intended for use in the manufacture of propylene, from so much of the duty of excise leviable thereon which is specified in the said Schedule as is in excess of the duty leviable on the quantity of L.P.G. consumed in the manufacture of propylene.

Explanation. - The amount of L.P.G. consumed in the manufacture of propylene shall be calculated by subtracting from the quantity of L.P.G. received by the factory manufacturing propylene the quantity of L.P.G. returned by the factory to the refinery, from which such L.P.G. was received.