Government Amends Excise Duty Rules to Exempt Compounded Rubber Used in Manufacturing Goods Under Chapter 40 and Toy Balloons

Notification No. 123/94-C.E., dated August 31, 1994, issued by the Central Government under the Central Excises and Salt Act, 1944, amends a previous notification to exempt compounded rubber from excise duty. This exemption applies if the compounded rubber is used within the factory of its production for manufacturing goods classified under Chapter 40 or for producing children's toy balloons under Heading 95.03. The amendment reflects the government's decision to support public interest by providing these specific exemptions.

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