Exemption to systems and sub-systems of launch vehicle and satellite projects - 405/86 - Central Excise - Tariff

Exemption to systems and sub-systems of launch vehicle and satellite projects

Notification No. 405/86-C.E.

Dated 8-9-1986

In exercise of the powers conferred by sub-rule (1) of rule 8 of the Central Excise Rules, 1944, the Central Government hereby exempts systems and sub-systems of launch vehicle and systems and sub-systems of satellite projects, falling under the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), from the whole of the duty of excise leviable thereon which is specified in the said Schedule:

Provided that -

(i) such systems and sub-systems are meant for use in a launch vehicle project or a satellite project of the Indian Space Research Organisation of the Government of India, Department of Space;

(ii) an Officer not below the rank of a Joint Secretary in the said Department of Space certifies that the systems or sub-systems, as the case may be, are intended for such use; and

(iii) where such use is elsewhere than in the factory of production, the procedure set out in Chapter X of the Central Excise Rules, 1944, is followed.