Central Excise Notification No. 29 dated 13th
May 2002 (As amended by Notification No. 29 dated 13th May
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 111 of the Finance Act, 1998 (21 of 1998), sub-section (3) of
section 133 of the Finance Act, 1999 (27 of 1999) and sub-section (3) of
section 147 of the Finance Act, 2002, (20 of 2002) and in supersession of the
notification of the Government of India in the Ministry of Finance (Department
of Revenue) No 21/2002-Central Excise, dated the 1st March, 2002[
G.S.R. 142 (E), dated the 1st March 2002], the Central Government,
being satisfied that it is necessary in the public interest so to do, hereby
exempts goods falling within the First Schedule to the Central Excise Tariff
Act, 1985 (5 of 1986) , and cleared from:
(a)����������� Numaligarh Refinery, or
(b)����������� Bongaigaon Refineries and Petrochemicals Limited, or
(c)����������� Indian Oil Corporation, Guwahati, or
(d)����������� Assam Oil Division, Indian Oil Corporation, Digboi
from so much of each of the duties of excise specified
in column(2) of the Table hereto annexed, leviable under the Acts specified in
the corresponding entry in column(3) of the said Table, as is in excess of the
amount calculated at the rate of fifty percent of each of the duties
specified in column(2) of the said Table, namely: -
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S. No.
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Duty
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Act
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(1)
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(2)
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(3)
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1.
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Duty of excise
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First Schedule to the Central Excise Tariff
Act, 1985 (5 of 1986)
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2
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Special duty of excise
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Second Schedule to the Central Excise Tariff Act,
1985 (5 of 1986)
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3.
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Additional duty of excise
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Sub-section (1) of section 111 of the Finance Act,
1998 (21 of 1998) read with the Second Schedule to the said Act
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4.
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Additional duty of excise
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Sub-section (1) of section 133 of the Finance Act,
1999 (27 of 1999) read with the Second Schedule to the said Act
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5.
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Special Additional Excise Duty
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Sub-section (1) of section 147 of the Finance Act,
2002 (20 of 2002) read with the Eighth Schedule to the said Finance Act and
notification�� 28/2002-Central Excise
dated the 13th May 2002.
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Explanation:
(1) For the removal of doubts, it is
hereby declare that the exemption under this notification shall also be
available on the said goods if such goods are removed under bond, without
payment of the duties of excise specified in column (2) of the said Table, from
any of the refineries specified against clauses (a) to (d), to a warehouse and
subsequently removed from the said warehouse on payment of fifty percent of
such duties.
(2) This Explanation shall have effect as
if it had always been the part of this notification.