Exemption to Cotton fabrics processed without the aid of power - 54/87 - Central Excise - Tariff

Exemption to Cotton fabrics processed without the aid of power Notification No. 54/87-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, read with sub-section (3) of section 3 of the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957), the Central Government hereby exempts cotton fabrics, falling within Chapter 52 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) and processed without the aid of power or steam, from the whole of the duty of excise leviable thereon under the said Schedule and the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957) : Provided that nothing contained in this notification shall apply in respect of clearances of such cotton fabrics if the quantity of such cotton fabrics cleared, if any, for home consumption, during any financial year by or on behalf of a manufacturer from one or more factories, or from any factory by or on behalf of one or more manufacturers, exceeds or had exceeded fifty lakh square metres. Explanation - For the purposes of this notification, the quantity of such cotton fabrics used within the factory in which it is produced for further processing shall not be taken into account for determining the limit of fifty lakh square metres.