Proforma credit and other exemptions for 28-2-1986 - 90/86 - Central Excise - Tariff

Proforma credit and other exemptions for 28-2-1986

Notification No. 90/86-C.E.

Dated 10-2-1986

In exercise of the powers conferred by sub-rule (1) of rule 8 of the Central Excise Rules, 1944, read with sub-section (3) of section 3 of the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957) the Central Government hereby exempts all goods falling under the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) from the whole of the duty of excise and the additional duty of excise leviable thereon under the Central Excises and Salt Act, 1944 (1 of 1944) and the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957), respectively :

Provided that such goods are consumed or utilised in the place where such goods are produced or manufactured or any premises appurtenant thereto so specified under sub-rule (1) of rule 9 of the said rules, either as raw material or as component parts for the manufacture of any other commodity which -

(i) is excisable goods specified by the Central Government by notification under sub-rule (1) of rule 56A of the said rules,

(ii) was classifiable under the same Item No. in the First Schedule to the Central Excises and Salt Act, 1944 (1 of 1944) as it existed immediately before the commencement of the Central Excise Tariff Act, 1985 (5 of 1986), as such goods so consumed or utilised, and

(iii) is neither exempt from the whole of the duty of excise leviable thereon under the Central Excises and Salt Act, 1944 (1 of 1944) or the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957) nor is chargeable to nil rate of duty.

2. This notification shall come into force on the commencement of the Central Excise Tariff Act, 1985 (5 of 1986) and shall remain in force upto and inclusive of the 28th day of February, 1986.