Credit of duty on use of Ethyl Alcohol in the manufacture of specified finished products - 231/87 - Central Excise - Tariff

Credit of duty on use of Ethyl Alcohol in the manufacture of specified finished products

Notification No. 231/87-C.E.

Dated 1-10-1987

In exercise of the powers conferred by rule 57K of the Central Excise Rules, 1944, the Central Government hereby specifies -

(a) the goods of the description mentioned in column (3) of the Table hereto annexed and falling under the heading number or sub-heading number of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) indicated against such goods in column (2) of the said Table as the finished excisable goods (hereinafter referred to as the final products), and the Ethyl Alcohol used in the manufacture of such final products as the raw material, to which alone the provisions of Section AAA of Chapter V of the said rules shall apply; and

(b) Rs. 258 per kilolitre of the Ethyl Alcohol used in the manufacture of the said final products, as the rate at which the credit of money is to be given for use of such Ethyl Alcohol and stipulates that the grant of credit at the said rate and the utilisation thereof for payment of duty on the said final products shall be subject to the provisions of the said Section AAA and the following conditions, namely :-

(i) the credit shall be taken only in respect of indigenous Ethyl Alcohol;

(ii) the credit shall be taken only in respect of such Ethyl Alcohol for which the manufacturer has paid the price notified under the order of the Government of India in the Ministry of Industry (Department of Chemicals and Petro-Chemicals) No. 15021/6/87-Ch. II Desk, dated the 29th September, 1987:

Provided that where the Ethyl Alcohol is produced from molasses inside the factory where the said final products are manufactured, the credit may be taken in respect of Ethyl Alcohol produced from such molasses for which the manufacturer has paid the price notified under the order of the Government of India in the Ministry of Industry (Department of Chemicals and Petro-Chemicals) No. 15021/29/87-Ch. II Desk, dated the 25th September, 1987;

(iii) the credit taken during any calendar month shall be utilised for payment of duty on the said final products only after the commencement of the succeeding month;

(iv) the credit taken may be utilised for payment of duty or any of the said final products and the amount of excess credit, if any available in the credit account shall not be refunded to the manufacturer or utilised for payment of duty on any other excisable goods.

TABLE

Sl. No.	Heading number or sub-heading number of the Schedule to the Central Excise Tariff Act, 1985	Description of the final products
(1)	(2)	(3)
1.	2912.00	Acetaldehyde
2.	2915.10	Acetic Acid
3.	2915.20	Acetic Anhydride
4.	2914.10	Acetone
5.	2905.90	Butanol
6.	39.01	Low Density Polyethylene
7.	29.02	Styrene
8.	3903.10	Polystyrene
9.	2903.90	Vinyl Chloride
10.	39.04	Polyvinyl Chloride
11.	2915.90	Vinyl Acetate
12.	3905.10	Poly Vinyl Acetate
13.	3905.20	Poly Vinyl Alcohol
14.	2905.90	Mono Ethylene Glycol
15.	2905.90	Di-Ethylene Glycol
16.	2905.90	Tri-Ethylene Glycol
17.	2711.12 or 29.01	Butadiene
18.	2903.90	Ethyl Chloride
19.	2915.90	Ethyl Acetate
20.	29.17	Diethyl Phthalete
21.	29.17	Diethyl Oxalate
22.	2909.00	Diethyl Ether
23.	2913.00	Trichlore Acetaldehyde
24.	2910.00	Ethylene Oxide
25.	2915.90	Chloro Acetic Acid
26.	40.02	Styrene-butadine rubber (SBR)