Tariff Item 68 - Exemption to preserved latex, latex concentrates, smoked rubber sheets, etc. - 291/86 - Central Excise - Tariff

Tariff Item 68 - Exemption to preserved latex, latex concentrates, smoked rubber sheets, etc.

Notification No. 291/86-C.E.

Dated 12-5-1986

In exercise of the powers conferred by section 11C of the Central Excises and Salt Act, 1944 (1 of 1944), the Central Government, being satisfied that according to a practice that was generally prevalent regarding levy of duty of excise (including non-levy thereof) under the said Act, the duty of excise on preserved latex, latex concentrates, smoked rubber sheets, crepe rubber and crump rubber, falling under Item No. 68 of the First Schedule to the said Act, as it existed immediately before the commencement of the Central Excise Tariff Act, 1985 (5 of 1986), was not being levied under section 3 of the first mentioned Act, during the period commencing on the 1st March, 1975 and ending with the 7th July, 1983, hereby directs that whole of the duty of excise payable under the first mentioned Act on such preserved latex, latex concentrates, smoked rubber sheets, crepe rubber and crump rubber, but for the said practice, shall not to be required to be paid in respect of such preserved latex, latex concentrates, smoked rubber sheets, crepe rubber and crump rubber, on which the said duty of excise was not being levied during the period aforesaid in accordance with the said practice.