| Date: |
11-03-2003
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| Notification No: |
Central Excise Notification No 15/2003 CE(NT)
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| Issuing Authority: |
Central Excise
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| Type: |
Non Tariff
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| File No: |
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| Subject: |
Clarification about Excise Duty on Bicycle Parts
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Clarification about Excise Duty on Bicycle Parts
Central
Excise Notification No. 15 dated 11th 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 1st March 2002 and ending with 26th
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.
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