Inputs notified for Modvat - 177/86 - Central Excise - Tariff

Inputs notified for Modvat

Notification No. 177/86-C.E.

Dated 1-3-1986

In exercise of the powers conferred by rule 57A of the Central Excise Rules, 1944, the Central Government hereby specifies the final products described in column (3) of the Table hereto annexed and in respect of which—

(i) the duty of excise under the Central Excises and Salt Act, 1944 (1 of 1944),

(ii) the special duty of excise under the Finance Act, 1985 (32 of 1985), and

(iii) the additional duty under section 3 of the Customs Tariff Act, 1975 (51 of 1975),

(hereinafter referred to as "specified duty") paid on inputs, described in the corresponding entry in column (2) of the said Table, shall be allowed as credit when used in or in relation to the manufacture of the said final products and the credit of duty so allowed shall be utilised for payment of duty leviable on the said final products, or as the case may be, on such inputs, if such inputs have been permitted to be cleared under rule 57F of the said Rules :

Provided that—

(1) credit of specified duty in respect of any inputs produced or manufactured—

(a) in a free trade zone and used in the manufacture of final products in any other place in India ; or

(b) by a hundred per cent export-oriented undertaking and used in the manufacture of final products in any place in India,

shall be restricted to the extent of duty which is equal to the additional duty leviable on like goods under section 3 of the Customs Tariff Act, 1975 (51 of 1975) paid on such inputs ;

(2) the credit of specified duty allowed in respect of inputs may be utilised towards payment of duty of excise leviable under the Central Excises and Salt Act, 1944 (1 of 1944) on the final products or, as the case may be, on the inputs, if such inputs have been permitted to be cleared under rule 57F of the said Rules :

THE TABLE

S. No.	Description of inputs	Description of final products
(1)	(2)	(3)
1.	Goods classifiable under any headings of Chapters 28, 29, 30, 32, 33, 34, 35, 36, 37, 38, 39, 40, 48, 70, 72, 73, 74, 75, 76, 78, 79, 80, 81, 82, 83, 84, 85, 86, 87, 88, 89, 90, 91, 92, 93, 94, 95 or 96 (other than those falling under Heading Nos. 36.03 or 37.05) of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986).	Goods classifiable under any headings of Chapters 28, 29, 30, 32, 33, 34, 35, 36, 37, 38, 39, 40, 70, 72, 73, 74, 75, 76, 78, 79, 80, 81, 82, 83, 84, 85, 86, 87, 88, 89, 90, 91, 92, 93, 94, 95 or 96 (other than those falling under heading Nos. 36.03 or 37.05) of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986).