Exemption to Jute Fibre, Twist, Yarn, Thread etc. during 1-3-1986 to 18-1-1987 [Ch. 53 or 56] - 05/88 - Central Excise - Non Tariff

Exemption to Jute Fibre, Twist, Yarn, Thread etc. during 1-3-1986 to 18-1-1987 [ Ch. 53 or 56] Notification No. 5/88-C.E. (N.T.) Dated 1-2-1988 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 Excises and Salt Act, 1944 (1 of 1944), the duty of excise on jute fibre, twist, yarn, thread, rope and twine, falling under Chapter 53 or 56 of the Schedule to the Central Excise Tariff Act, 1986 (5 of 1986) and consumed within the factory in which it is produced for the manufacture of jute products falling under Chapter 53, 56, 57 or 63 of the said Schedule, was not being levied during the period commencing on the 1st March, 1986 and ending with the 18th January, 1987, under the said section 3 read with any notification issued by the Central Government in relation to the duty of excise so chargeable during the said period; Now, therefore, in exercise of the powers conferred by section 11C of the said Act, the Central Government hereby directs that the whole of the duty of excise payable under the said Act, on such jute fibre, twist, yarn, thread, rope and twine, but for the said practice, shall not be required to be paid in respect of such jute fibre, twist, yarn, thread, rope and twine on which the said duty of excise was not being levied during the period aforesaid, in accordance with the said practice.