Credit of duty in respect of inputs used in an intermediate products - 198/86 - Central Excise - Tariff

Credit of duty in respect of inputs used in an intermediate products

Notification No. 198/86-C.E.

Dated 14-3-1986

In exercise of the powers conferred by rule 57-J of the Central Excise Rules, 1944, the Central Government hereby specifies the inputs described in column (2) of the Table hereto annexed used in the manufacture of the intermediate products described in column (3) of the said Table received by a manufacturer for use in or in relation to the manufacture of the final products described in the corresponding entry in column (4) of the said Table, in respect of which the credit of the specified duty paid on the said inputs shall be allowed as credit under rule 57A of the said rules :

Provided that no credit shall be allowed unless the intermediate products received by the manufacturer of the said final products are accompanied by a Gate Pass, an AR-1, a Bill of entry or any other document as may be specified by the Central Board of Excise & Customs [constituted under the Central Boards of Revenue Act, 1963 (54 of 1963)] evidencing are payment of duty on such inputs.

2. Nothing contained in this notification shall apply if the aggregate value of clearances of all excisable goods for home consumption,—

(a) by a manufacturer, from one or more factories, or

(b) from any factory, by one or more manufacturers,

had exceeded rupees one hundred and fifty lakhs in the preceding financial year.

THE TABLE

Sl. No.	Description of inputs	Description of intermediate products	Description of final products
(1)	(2)	(3)	(4)
1.	Polyvinyl chloride classifiable under sub-heading No. 3904.10 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986).	Plastic material commonly known as Polyvinyl chloride compound (PVC compound) falling under sub-heading No. 3904.20 of the said Schedule.	Insulated electric wires and cables falling under sub-heading No. 8544.00 of the said Schedule.