Ntf. No.25/2001-CE(N.T.), dt. 21/05/2001
- Document type
- Notification
- Reference no.
- CC
- Dated
- Category
- Non-Tariff
Levy of duty of excise (including non-levy thereof)<br>on the single yarn classifiable under chapter 55
Levy of duty of excise (including non-levy thereof)
on the single yarn classifiable under chapter 55
consumed captively for producing double/multifold yarn falling under chapter 55
G.S.R. (E) - Whereas the Central Government is satisfied that according to a practice that was generally prevalent regarding levy of duty of excise (including non-levy thereof) under section 3 of the Central Excise Act, 1944 (1 of 1944) (herein- after referred to as the said Act), on the single yarn classifiable under chapter 55 consumed captively for producing double/multifold yarn falling under chapter 55 of the schedule to the Central Excise Tariff Act, 1985 (5 of 1986) on which duty of excise was paid and such yarn was liable to duty of excise in cases where according to the said practice the duty was not being levied under section 3 of the said Act during the period commencing on the 1st March, 1986 and ending with 28th February, 1944;
New, therefore, in exercise of the powers conferred by section 11C of the said Act, the Central Government hereby directs that the duty of excise payable under section 3 of the said Act on such single yarn falling under chapter 55 consumed captively for producing double/multifold yarn falling under chapter 55 and subjected to duty of excise but for the said practice, shall not be required to be paid in respect of such yarn on which the said duty of excise was not being levied during the aforesaid period in accordance with the said practice.
(S.C. Bhatia)
Under Secretary