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Exempts all excisable goods produced or manufactured in a special economic zone - 009/2005 - Central Excise - Tariff |
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Exempts all excisable goods produced or manufactured in a special economic zone (This notification has been rescinded vide Notification No. 25/2005-CE, DT. 16/05/2005) Dated 01/03/2005 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts all excisable goods produced or manufactured in a special economic zone and brought to any other place in India in accordance with the provisions of the Foreign Trade Policy 2004-2009, from the duty of excise leviable thereon as is equivalent to the additional duty of customs leviable on such goods under subsection (5) of section 3 of the Customs Tariff Act, 1975 (51 of 1975), read with proviso to sub-section (1) of section 3 of the said Central Excise Act, 1944. Explanation.- For the purposes of this notification, the special economic zone means the special economic zones notified by the Government of India, under section 76A of the Customs Act, 1962 ( 52 of 1962),by declaring various area specific economic zones as such zones for the respective areas.
(V. Sivasubramanian) ***************************** Notes : 1. The portion beginning with word and figure "as amended by clause 72" and ending with words "the force of law," has been OMITTED vide NTF. NO. 22/2005-CE, DT. 13/05/2005, earlier it was read as, "as amended by clause 72 of the Finance Bill, 2005, the clause which has, by virtue of the declaration made in the said Finance Bill under the Provisional Collection of Taxes Act, 1931 (16 of 1931), the force of law " |
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