Central Excise Notification No. 15 dated 11^th March 2003 (NT)

Whereas the Central Government is satisfied that according to a practice that was generally prevalent regarding levy of duty of excise (including non-levy thereof) under Section 3 of the Central Excise Act, 1944 (1 of 1944) (hereinafter referred to as the Central Excise Act), the duty of excise on parts of bicycle falling under Chapter Nos. 73, 84 and 87 of the First Schedule to Central Excise Tariff Act, 1985 (5 of 1986) and that such parts of bicycle were liable to duty of excise in case where according to the said practice duty was not being levied under Section 3 of the Central Excise Act, during the period commencing from 1^st March 2002 and ending with 26^th April 2002.

Now, therefore, in exercise of the powers conferred by Section 11C of the Central Excise Act, the Central Government hereby directs that the whole of the duty of excise payable under the Central Excise Act on bicycle parts, but for the said practice, shall not be required to be paid in respect of such parts of bicycle on which the said duty of excise was not being levied during the aforesaid period in accordance with the said practice.