Concessional rate on foam rubber lubricating pads for use by Indian Railways - 039/89 - Central Excise - Tariff

Concessional rate on foam rubber lubricating pads for use by Indian Railways Notification No. 39/89-C.E. Dated 1-3-1989 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 foam rubber lubricating pads falling under sub-heading No. 4016.11 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) and intended to be made available to Indian Railways for their use, 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 the rate of fifteen per cent ad valorem.