Effective rate for specified goods falling under Heading Nos. 72.15 and 73.09 - 102/87 - Central Excise - Tariff

Effective rate for specified goods falling under Heading Nos. 72.15 and 73.09 Notification No. 102/87-C.E. Dated 27-3-1987 In exercise of the powers conferred by sub-rule (1) of rule 8 of the Central Excise Rules, 1944, and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 386/86-Central Excises, dated the 20th August, 1986, the Central Government hereby exempts the goods, falling under heading Nos. 72.15 and 73.09 of the Schedule to the Central Excise 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 the rate of Rs. 365 per tonne : Provided that the said goods have been obtained from breaking up of ships, boats and other floating structures on which has been paid the duty of customs leviable thereon under the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) at the rate of Rs. 1,035 per Light Displacement Tonnage and also the additional duty leviable thereon under section 3 of the said Customs Tariff Act at the rate of Rs. 365 per Light Displace ment Tonnage.