Fixed vegetable oils - 262/86 - Central Excise - Tariff

Fixed vegetable oils

Notification No. 262/86-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 fixed vegetable oils falling under sub-heading No. 1503.10 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) (hereinafter referred to as the said processed fixed vegetable oils) from the whole of the duty of excise leviable thereon which is specified in the said Schedule, subject to the following conditions, namely :—

(i) the said processed fixed vegetable oil has been manufactured from fixed vegetable oils extracted by the solvent extraction method;

(ii) the manufacturer shall maintain records regarding manufacture of the said processed fixed vegetable oils and their clearance in the manner specified by the Assistant Collector of Central Excise;

(iii) the manufacturer shall within such period as the Assistant Collector of Central Excise may allow in this behalf produce a certificate from an officer not below the rank of a Deputy Director in the Directorate of Vanaspati, Vegetable Oils and Fats to the effect that the said processed fixed vegetable oils have been manufactured from fixed vegetable oils extracted by the solvent extraction method; and

(iv) the manufacturer undertakes to pay on demand in respect of such quantity of the said processed fixed vegetable oils as is not proved to the satisfaction of the Assistant Collector of Central Excise to have been manufactured from fixed vegetable oils extracted by solvent extraction method an amount equal to the duty of excise leviable thereon but for the exemption contained herein.