Prescribing effective rate of special excise duty at 5% basic excise duty. - 93/90 - Central Excise - Tariff

Prescribing effective rate of special excise duty at 5% basic excise duty. Notification No. 93/90-C.E. Dated 20-3-1990 In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excises and Salt Act, 1944 (1 of 1944), read with sub-clause (4) of clause 65 of the Finance Bill, 1990, which clause has by virtue of the declaration made in the said 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 the goods falling under the Schedule to the Central Excises Tariff Act 1985 (5 of 1986), from so much of the special duty of excise leviable thereon under sub-clause (1) of clause 65 of the said Bill as is in excess of 5 per cent of the amount so chargeable on such goods: Provided that nothing contained in this notification shall affect the exemption granted under any other notification of the Government of India for the time being in force from special duty of excise in respect of the goods referred to in this notification.