Credit of duty on use of minor oils if used in the manufacture of soap - 40/87 - Central Excise - Tariff

Credit of duty on use of minor oils if used in the manufacture of soap Notification No. 40/87-C.E. Dated 1-3-1987 In exercise of the powers conferred by rule 57K of the Central Excise Rules, 1944, the Central Government hereby specifies - (i) the input, namely, fixed vegetable oils of the description in column (2) of the Table hereto annexed and used in the manufacture of the final products, namely, soap falling under sub-heading No. 3401.10 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986); and (ii) the rates in the corresponding entry in column (3) of the said Table as the rate at which credit may be granted for use of said input in the manufacture of the said final product, For the purposes of Section AAA of Chapter V of the Said rules and stipulates that the grant of credit and utilisation thereof, shall, in addition to the provisions of the said section, be subject to the following conditions, namely : (i) the credit shall be taken only in respect of the quantity of oil subjected to the process of saponification or the process of hydrolyzation where such hydrolyzation precedes saponification, on or after the 1st day of March, 1987, for the manufacture of the said final products and the credit shall be taken only on the date on which the inputs have been so saponified or hydrolyzed, as the case may be; (ii) the credit taken during any calender month shall be utilised for payment of duty on the said final products only after the commencement of the succeeding month; (iii) the Form RG 23B Part I and Part II shall be maintained separately for soap of value - (a) not exceeding Rs. 12,000/- per tonne; (b) exceeding Rs. 12,000/- per tonne but not exceeding Rs. 25,000/- per tonne; and (c) exceeding Rs. 25,000/- per tonne; (iv) the credit on inputs used in the manufacture of each variety of soap, specified in clause (iii) above, shall be utilised for payment of duty leviable on that variety of soap alone and no amount of the excess credit, if any, available in the credit account shall be refunded to the manufacturer or adjusted against or utilised for payment of duty on any other excisable goods. TABLE S. No. Fixed Vegetable Oils Rate of credit per tonne of the fixed vegetable oil (1) (2) (3) 01. Rice bran oil Rs. 320 02. Neem oil Rs. 2800 03. Karanj oil Rs. 2800 04. Kusum oil Rs. 2800 05. Sal oil Rs. 2800 06. Khakhan oil Rs. 2800 07. Mahua oil Rs. 2800 08. Rubberseed oil Rs. 2800 09. Mango-kernal oil Rs. 2800 10. Kokum oil Rs. 2800 11. Dhupa oil Rs. 2800 12. Undi oil Rs. 2800 13. Maroti oil Rs. 2800 14. Pisa oil Rs. 2800 15. Nahor oil Rs. 2800