Pigments, colours, paints, enamels, varnishes, blacks and cellulose lacquers - 211/86 - Central Excise - Tariff

Pigments, colours, paints, enamels, varnishes, blacks and cellulose lacquers Notification No. 211/86-C.E. Dated 25-3-1986 In exercise of the powers conferred by sub-rule (1) of rule 8 of the Central Excise Rules, 1944, the Central Government hereby exempts pigments, colours, paints, enamels, varnishes, blacks and cellulose lacquers, falling under Chapter 25, 27, 28 or 32, as the case may be, of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) and manufactured with the aid of power (hereinafter referred to as the "said goods") upto an aggregate value not exceeding rupees one crore, cleared for home consumption on or after the 1st day of April, 1985 and upto and inclusive of the 31st day of March, 1986 by or on behalf of a manufacturer from one or more factories from so much of the duty of excise leviable thereon as is equivalent to two per cent ad valorem : Provided that the said goods are manufactured in an industrial unit in respect of which an officer not below the rank of an Assistant Collector of Central Excise is satisfied that the sum total of the value of capital investment made from time to time on plant and machinery only installed in the industrial unit in which the said goods, under clearance, are manufactured is not more than rupees twenty lakhs : Provided further that the aggregate value of first clearances of the said goods at the reduced rate of duty as specified in this notification, for home consumption, from any factory by or on behalf of one or more manufacturers, shall not exceed rupees one crore, in any financial year : Provided also that nothing contained in this notification shall apply to a manufacturer who avails of the exemption under the notification of the Government of India, in the Ministry of Finance (Department of Revenue) No. 212/86-Central Excises, dated the 25th March, 1986 in respect of the said goods : Provided also that nothing contained in this notification shall apply to Zinc Oxide. Explanation I.— While determining the sum total of value of the capital investment, only the face value of the investment at the time when such investment was made shall be taken into account but the value of the investment made on plant and machinery which have been removed permanently from the industrial unit or rendered unfit for any use shall be excluded from such determination. Explanation II.— For the purposes of determining the value of clearances, the value of clearances already made under the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 74/78-Central Excises, dated the 1st March, 1978, shall also be taken into account. 2. This notification shall be in force upto and inclusive of the 31st day of March, 1986.