Textile fabrics impregnated, coated, covered or laminated with plastics - 273/86 - Central Excise - Tariff

Textile fabrics impregnated, coated, covered or laminated with plastics

Notification No. 273/86-C.E.

Dated 24-4-1986

In exercise of the powers conferred by sub-rule (1) of rule 8 of the Central Excise Rules, 1944, the Central Government hereby exempts textile fabrics impregnated, coated, covered or laminated with plastics (hereinafter referred to as the "said fabrics") falling under heading No. 59.03 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), from so much of the duty of excise leviable thereon which is specified in the said Schedule as is in excess of the amount calculated at the rate of 50 per cent of the rate of duty leviable on the said goods under the said Schedule, read with any other notification issued under sub-rule (1) of rule 8 of the said rules and in force for the time being :

Provided that the aggregate quantity of first clearances of the said fabrics for home consumption at the effective rate of duty leviable under this notification, by a manufacturer from one or more factories, or from any factory by one or more manufacturers, shall not exceed, in either case, 3 lakhs square metres in any financial year :

Provided further that the exemption contained in this notification shall not apply, if the aggregate quantity of clearances of the said fabrics for home consumption, by a manufacturer from one or more factories, or from any factory by one or more manufacturers, had exceeded rupees one hundred and fifty lakhs in the preceding financial year.