Prescribing effective rate of basic excise duty of 10% ad valorem for goods falling under sub-heading No. 0701.10 - 05/90 - Central Excise - Tariff

Prescribing effective rate of basic excise duty of 10% ad valorem for goods falling under sub-heading No. 0701.10 Notification No. 5/90-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 exempts all goods falling under sub-heading No.0701.10 of the Schedule to the Central Excises Tariff Act, 1985 (5 of 1986) from so much of the duty of excise leviable thereon, which is specified in the said schedule as is in excess of the amount calculated at 10% ad valorem .