Tools - 58/86 - Central Excise - Tariff

Tools

Notification No. 58/86-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 and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 72/83-Central Excises, dated the 1st March, 1983, the Central Government hereby exempts tools designed to be fitted into hand tools, machine tools, or tools for working in the hand (pneumatic or with self-contained non-electric or electric motor), including dies for wire drawing, extrusion dies for metals and rock drilling bits falling under Chapter 82 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) and manufactured in a factory and intended for use in the factory in which they are manufactured, or in any other factory of the same manufacturer, from the whole of the duty of excise leviable thereon under section 3 of the Central Excises and Salt Act, 1944 (1 of 1944) :

Provided that where such use is in a factory of a manufacturer, different from his factory where the said tools have been manufactured, the exemption contained in this notification, shall be allowable subject to the observance of the procedure set out in Chapter X of the Central Excise Rules, 1944.

2. This notification shall come into force on the 28th day of February, 1986.