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Exemption of 50% from all duties for goods cleared by 4 refineries in the
Northeast
Notification No. 21
dated 1st March 2002
(Supersessed by Notification No. 29 dated 13th May 2002)
In exercise of
the powers conferred by sub-section (1) of section 5A of the Central Excise Act,
1944 (1 of 1944) read with sub-section (3) of section 111 of the Finance Act,
1998, sub-section (3) of section 133 of the Finance Act, 1999 and sub-clause (3)
of clause 140 of the Finance Bill, 2002, which clause 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, the Central Government, being
satisfied that it is necessary in the public interest so to do, hereby exempts
goods falling within the
First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) , and cleared
from:
a)
Numaligarh Refinery, or
b)
Bongaigaon Refineries and Petrochemicals Limited, or
c)
Indian Oil Corporation, Guwahati, or
d)
Assam Oil Division, Indian Oil Corporation, Digboi,
from so much of
each of the duties of excise specified in column (2) of the Table hereto
annexed, leviable under the Acts specified in the corresponding entry in column
(3) of the said Table, as is in excess of the amount calculated at the rate of
fifty per cent of each of the duties specified in column (2) of the said
Table.
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S.No
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Duty
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Act
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(1)
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(2)
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(3)
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1.
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Duty of excise
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First Schedule to
the Central Excise Tariff Act, 1985 (5 of 1986)
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2
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Special duty of
excise
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Second Schedule
to the Central Excise Tariff Act, 1985 (5 of 1986)
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3.
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Additional duty
of excise
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Sub-section (1)
of section 111 of the Finance Act, 1998 (21 of 1998) read with the Second
Schedule to the said Act
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4.
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Additional duty
of excise
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Sub-section (1)
of section 133 of the Finance Act, 1999 (27 of 1999) read with the Second
Schedule to the said Act
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5.
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Special
Additional Excise Duty
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Sub-clause (1) of
clause 140 of the Finance Bill, 2002 read with the Eighth Schedule to the said
Finance Bill and notification 19 /2002-Central Excise dated the 1st
March, 2002.
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