Exemption to specified goods of Chapter 56 - 62/87 - Central Excise - Tariff

Exemption to specified goods of Chapter 56 Notification No. 62/87-C.E. Dated 1-3-1987 In exercise of the powers conferred by sub-rule (1) of rule 8 of the Central Excise Rules, 1944, the Central Government hereby exempts goods of the description specified in column (3) of the Table hereto annexed and falling under the heading No. or sub-heading No. of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) specified in the corresponding entry in colum (2) of the said Table, from such 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 specified in the corresponding entry in column (4) of the said Table, subject to the conditions, if any, laid down in the corresponding entry in column (5) thereof. THE TABLE Sl. No. Heading or sub-heading No. Description of goods Rate Condition (1) (2) (3) (4) (5) 01. 56.07 Twine, cordage, rope and cable. Nil If made without the aid of power. 02. 56.07 Twine, cordage, rope and cables. Nil If made from yarn on which the appropriate duty of excise under the said Schedule or, as the case may be, the additional duty leviable under Section 3 of the Customs Tariff Act, 1975 (51 of 1975), has already been paid. 03. 56.08 Fishing nets Nil 04. 56.08 Articles of yarn, strip or the like, twine, cordage, rope or cables. Nil If made without the aid of power. Explanation. - For the purposes of this notification, yarn shall be deemed to have paid the appropriate duty of excise leviable thereon under the said Schedule or the additional duty leviable under section 3 of the Customs Tariff Act, 1975 (51 of 1975), if it is purchased from the market.