Notification
No. 20 dated 1st March 2002 (As amended
by Notification No. 35 dated 24th June 2002)
In exercise of the powers conferred
by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944),
read with sub-section (3) of section 3 of the Additional Duties of Excise
(Goods of Special Importance) Act, 1957 (58 of 1957) and in supersession of the
notification of the Government of India in the Ministry of Finance (Department
of Revenue) No.20/ 1998-Central Excise, dated the 18th July 1998,
published in the Gazette of India vide number G.S.R. 404 (E), dated the 18th
July 1998, the Central Government, being satisfied that it is necessary in the
public interest so to do, hereby exempts the goods of the description specified
in column (2) of the Table below and falling under the Chapter No. of the First
Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) specified in the
corresponding entry in column (3) of the said Table, produced or manufactured
in a hundred per cent. Export-oriented undertaking or a free trade zone wholly
from the raw materials produced or manufactured in India, and brought to any
other place in India, under and in accordance with the provisions of
sub-paragraphs (a), (b) and (d) of paragraph 6.8 of the Export and Import
Policy, 1st April 2002 � 31st March, 2007, published by
Government of India in the Ministry of Commerce and Industry Notification No.
1/ 2002-07 dated the 31st March 2007, as amended from time to time,
from so much of the aggregate of, -
(a)��������� the duty of excise specified in the
First Schedule to the said Central Excise Tariff Act; and
(b)��������� the duty of excise specified in the
First Schedule to the said Additional Duties of Excise (Goods of Special
Importance) Act,
(hereinafter referred to as the
�aggregate duty�) as is in excess of an amount calculated at the rate of fifty
per cent. of the aggregate duty, not reduced by any other notification:
Provided that
the fifty per cent. of the aggregate duty leviable on the goods specified in
the Table below shall be apportioned in the ratio 2:1 between the duty leviable
under the said Central Excise Tariff Act and the said Additional Duties of
Excise (Goods of Special Importance) Act-
TABLE
|
S.No.
|
Description
of goods
|
Chapter No.
|
|
(1)
|
(2)
|
(3)
|
|
1.
|
Fabrics of cotton (not containing
any other textile material), not subjected to any process
|
52
|
|
2.
|
Fabrics of -
(i) cotton (containing any other textile material),
(ii)
man-made fibres,
not subjected to any process
|
52, 54 or 55
|
|
3.
|
(i) Knitted or crocheted fabrics of cotton, whether or not processed;
(ii) Knitted or crocheted fabrics
of man-made fibres, not subjected to any process
|
60
|
Explanation:
For the purposes of this notification, the value of the goods shall be as
determined in terms of section 4 of the said Act.