Amends notification No. 175/86 so as to, inter-alia, - (i) raise the full exemption limit from Rs. 15 lakhs to Rs. 20 lakhs (ii) continue the higher notional credit scheme upto 31-3-1991. - 88/90 - Central Excise - Tariff

Amends notification No. 175/86 so as to, inter-alia, - (i) raise the full exemption limit from Rs. 15 lakhs to Rs. 20 lakhs (ii) continue the higher notional credit scheme upto 31-3-1991. Notification No. 88/90-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), the Central Government, being satisfied that it is necessary in the public interest so to do hereby makes the following further amendments in the notification, of the Government of India in the Ministry of Finance (Department of Revenue) No. 175/86-Central Excises, dated the 1st March, 1986, namely:- In the said notificalion,- (i) in the opening paragraph, in the proviso to sub-clause (ii) of clause (a), for the words "rupees fifteen lakhs", the words "rupees twenty lakhs" shall be substituted; (ii) in paragraph 5, in the proviso, for the figures, letters and words "31st day of March, 1990", the figures, letters and words "31st day of March, 1991" shall be substituted; (iii) in the Annexure, in clause (iv) of item 4, after the words "articles of polyurethane foam;", the words "tyre flaps of rubber;" shall be inserted. This notification shall come into force on the 1st day of April, 1990. 2. This notification shall come into force on the 1st day of April, 1990.