Watches and time pieces - 72/86 - Central Excise - Tariff

Watches and time pieces Notification No. 72/86-C.E. Dated 10-2-1986 In exercise of the powers conferred by sub-rule (1) of rule 8 of the Central Excise Rules, 1944, the Central Government hereby exempts excisable goods of the description specified in column (3) of the Table hereto annexed and falling under the Chapter or Heading No. of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), specified in the corresponding entry in column (2) of the said Table 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 specified in the corresponding entry in column (4) of the said Table. THE TABLE Sl. No. Chapter Heading No. Description of goods Rate (1) (2) (3) (4) 1. 91.01 or 91.02 Braille Watches Nil 2. 91.01 or 91.02 Watches primarily designed to show the time of day. One per cent ad valorem 3. 91.03 or 91.05 One-day alarm time-pieces Nil 4. 91 Watch components One per cent ad valorem 2. This notification shall come into force on the 28th day of February, 1986.