Amends Notification No. 124/87-C.E. - 221/87 - Central Excise - Tariff

Amends Notification No. 124/87-C.E.

Notification No. 221/87-C.E.

Dated 16-9-1987

In exercise of the powers conferred by sub-rule (1) of rule 8 of the Central Excise Rules, 1944, the Central Government hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 124/87-Central Excises, dated the 29th April, 1987, namely :-

In paragraph 1 of the said notification, -

(i) for the first proviso, the following proviso shall be substituted, namely :-

"Provided that such cement is manufactured out of clinker produced within the same factory in which such cement is manufactured or within such other factory of the same manufacturer where the production of clinker has commenced during the afore­said period:";

(ii) after the second proviso, the following proviso shall be inserted, namely :-

"Provided also that a manufacturer of such cement may effect clearances of such cement in any calendar month at the rate of duty of excise leviable under this notification, subject to the following conditions, namely :-

(a) the production of such cement in the preceding month exceeds 2.5% of the annual licensed capacity of the factory manufacturing cement; and

(b) the manufacturer furnishes a bond to the effect that in case the production of such cement in any financial year is less than thirty per cent of the annual licensed capacity of the factory manufacturing cement as certified by the Development Commissioner for Cement Industry in the Ministry of Industry, he shall pay, on demand, the amount of difference between the duty otherwise leviable, but for this exemption, and the duty leviable under this notification."