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GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)
Notification No. 10/2018-Central Excise
New Delhi, the 2nd February, 2018
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), read with clause 110 of
the Finance Bill, 2018 (4 of 2018), which, by virtue of the declaration made in
the said Finance Bill under the Provisional Collection of Taxes Act, 1931 (16 of
1931), has the force of law and sub-section (3) of section 147 of the Finance
Act, 2002, (20 of 2002), the Central Government, being satisfied that it is
necessary in the public interest so to do, hereby exempts goods falling within
the Fourth Schedule to the said Central Excise Act, 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 below, leviable under the Acts specified 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, namely: -
Table
| S.No. |
Duty |
Act |
| (1) |
(2) |
(3) |
| 1 |
Duty of excise |
Fourth Schedule to the Central Excise Act, 1944 (1 of 1944). |
| 2 |
Additional Duty of Excise (Road and Infrastructure Cess) |
Clause 110 of the Finance Bill, 2018 (4 of 2018). |
| 3 |
Special Additional Excise Duty |
Sub-section (1) of section 147 of the Finance Act, 2002 (20 of 2002)
read with the Eighth Schedule to the said Finance Act and notification
No. 28/2002- Central Excise, dated the 13th May, 2002 |
Explanation. - For the removal of doubts, it is hereby declared that the
exemption under this notification shall also be available on the aforesaid goods
if such goods are removed under bond, without payment of the duties of excise
specified in column (2) of the aforesaid Table, from any of the refineries
specified in clauses (a) to (d) above, to a warehouse and subsequently removed
from the said warehouse on payment of fifty per cent. of such duties.
(Gunjan Kumar Verma)
Under Secretary to the Government of India
[F. No.
334/04/2018-TRU]
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