Set-off of duty on use of specified minor oils in the manufacture of vegetable products - 27/87 - Central Excise - Tariff

Contents

Set-off of duty on use of specified minor oils in the manufacture of vegetable products

Notification No. 27/87-C.E.

Dated 1-3-1987

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

(i) the inputs, namely, fixed vegetable oils of the description in column (2) of the Table herein annexed and used in the manufacture of the final products, namely, vegetable products falling under sub-heading No. 1504.00 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986); and

(ii) the rates in the corresponding entry in column (3) of the said Table as the rate at which credit may be granted for use of such inputs in the manufacture of the said final products,

for the purposes of Section AAA of Chapter V of the said rules and stipulates that the grant of credit and utilisation thereof, shall, in addition to the provisions of the said Section, be subject to the following conditions, namely :-

(i) the credit shall be taken only in respect of the quantity of oil subjected to hydrogenation on or after the 1st day of March, 1987 for the manufacture of the said final products and the credit shall be taken only on the date on which the oil has been so hydrogenated;

(ii) 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;

(iii) the quantity of credit utilised for payment of duty on any individual clearance of the said final products shall not exceed rupees one thousand per tonne of vegetable products cleared and the excess credit, if any, available in the credit account shall not be refunded to the manufacturer or adjusted against or utilised for payment of duty on any excisable goods under any other circumstances; and

(iv) where the description in column (2) of the Table specifies solvent extracted variety of the oil, the manufacturer shall within 5 months from the date of taking credit, or such extended period as the Assistant Collector of Central Excise may allow in this behalf, produce a certificate from an officer not below the rank of Deputy Director in the Directorate of Vanaspathi, Vegetable Oils and Fats in the Ministry of Food and Civil Supplies of the Government of India to the effect that the said oil has been manufactured by the solvent extraction method.

TABLE

S. No.	Fixed Vegetable oils	Rate of credit per tonne of the fixed vegetable oil
(1)	(2)	(3)
01.	Rice bran oil	Rs. 6500.
02.	Mahuwa oil	Rs. 6500.
03.	Water melon seed oil	Rs. 6500.
04.	Solvent extracted cotton seed oil	Rs. 3250.
05.	Solvent extracted mustard oil	Rs. 3250.
06.	Solvent extracted rape seed oil	Rs. 3250.

Explanation.— In this notification, "Vegetable product" means any vegetable oil or fat which, whether by itself or in admixture with any other substance, has by hydrogenation or by any other process, been hardened for human consumption.