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Capital goods, components, raw materials and spares for 100% export-oriented undertakings - 474/86 - Central Excise - TariffExtract Capital goods, components, raw materials and spares for 100% export-oriented undertakings Notification No. 474/86-C.E. Dated 30-12-1986 In exercise of the powers conferred by sub-rule (1) of rule 8 of the Central Excise Rules, 1944, the Central Government hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance, Department of Revenue No. 123/81-Central Excises, dated the 2nd June, 1981, namely :- In the said notification, in para 2, - (i) after the words "the Oil and Natural Gas Commission", wherever they occur, the words "or the Oil India Limited or as the case may be the Gas Authority of India Limited" shall be inserted; (ii) for the words, figures and brackets "shall also be exempt from the whole of duty of excise leviable thereon under section 3 of the Central Excise and Salt Act, 1944 (1 of 1944)", the words, brackets and figures "shall be exempt from so much of the duty of excise leviable thereon under section 3 of the Central Excises and Salt Act, 1944 (1 of 1944) as is in excess of the amount calculated at the rate of 15 per cent ad valorem" shall be substituted;
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