9911796707
TMI BlogCentral excise duty exemption granted to forgings and forged products of parts and accessories of cycles and cycle rickshaws - RegardingX X X X Extracts X X X X X X X X Extracts X X X X ..... No. 139/16/88-CX.4] Government of India Ministry of Finance (Department of Revenue) New Delhi Subject : Central excise duty exemption granted to forgings and forged products of parts and accessories of cycles and cycle rickshaws - Regarding. Attention is invited to notification No. 137/88-Central Excises, dated the 4th April, 1988 which amends notification No. 62/86-Central Ex ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ted that the condition with regard to observance of Chapter X procedure may be removed, as such forgings and forged products cannot be used for any purpose other than in the manufacture of parts and accessories of cycles and cycle-rickshaws. 3. The matter has been examined by the Board. In terms of the provisions of rule 2(a) of the Interpretative Rules of the Central Excise Tariff, the scope of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h bars, discs, tubes, etc.) are not regarded as blanks. The Board is, therefore, of the view that in case forgings and forged products of iron and steel have acquired the essential character of parts and accessories of cycles and cycle-rickshaws by virtue of their having the approximate shape or outline of the finished part or accessories, these could be classified as parts and accessories of cycl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hed parts, and where these are not recognisable and identifiable incomplete or unfinished parts and accessories of cycle and cycle-rickshaws, that the Chapter X procedure would be required to be followed so as to ensure that such forgings and forged products are used in the manufacture of parts and accessories of cycles and cycle-rickshaws and not for any other purpose. 5. In view of the above, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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