Radios (including transistor sets) - 204/86 - Central Excise - Tariff

Radios (including transistor sets)

Notification No. 204/86 C.E.

Dated 25-3-1986

In exercise of the powers conferred by sub-rule (1) of rule 8 of the Central Excise Rules, 1944, the Central Government hereby exempts radios (including transistor sets) of the description specified in column (2) of the Table hereto annexed and falling under heading No. 85.27 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 specified in the corresponding entry in column (3) of the said Table.

THE TABLE

Sl. No.	Description	Rate of duty
(1)	(2)	(3)
1.	Sets of one or two bands.	Fifteen per cent ad valorem.
2.	Others.	Twenty per cent ad valorem.

Provided that the duties specified in column (3) of the Table shall be reduced by ten per cent ad valorem—

(i) if the sets are manufactured in an industrial unit, either on its own behalf or on behalf of a State Electronic Development Corporation in respect of which an officer not below the rank of an Assistant Collector of Central Excise is satisfied that the sum total of the value of capital investment made from time to time on plant and machinery only is not more than rupees twenty lakhs, and

(ii) the total value of such sets so cleared, if any, for home consumption by or on behalf of such manufacturer from one or more factories during the preceding financial year did not exceed rupees one crore :

Provided further that the lower rates of duty as specified in the first proviso shall not apply if the aggregate value of clearances of all excisable goods, for home consumption by or on behalf of such manufacturer from one or more factories during the preceding financial year had exceeded rupees two crores.

Explanation I.— While determining the sum total of the value of the capital investment, only the face value of the investment at the time when such investment was made shall be taken into account, but the value of the investment made on plant and machinery which have been removed permanently from the industrial unit or rendered unfit for any use shall be excluded from such determination.

Explanation II.— For the purposes of this notification, "value" shall have the same meaning as in section 4 of the Central Excises and Salt Act, 1944 (1 of 1944).

2. This notification shall be in force upto and inclusive of the 31st day of March, 1986.