Notification No. 8 dated 1st
March 1997 (As
amended by 21/97, 11/00, Notification No. 35 dated 24th June 2002, Notification
No. 54 dated 31st October 2002)
In exercise of the powers conferred by sub-section (1) of
section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government,
being satisfied that it is necessary in the public interest so to do, hereby
exempts the finished products, rejects and waste or scrap specified in the
Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) and products or
manufactured, in a hundred percent export-oriented undertaking or a free trade
zone wholly from the raw materials produced or manufactured in India, and
allowed to be sold in India under and in accordance with the provisions of
sub-paragraphs(a), (b), (d) and (h) of paragraph 6.8 or paragraph 6.20 of the Export and Import Policy, 1st
�April, 2002 � 31st
March 2007, from so much of the duty of excise leviable thereon under section 3
of the Central Excise Act, 1944(1 of 1944), as is in excess of an amount equal
to the aggregate of the duties of excise leviable under the said section 3 of
the Central Excise Act of under any other law for the time being in force shall
be substituted, on like good, produced or manufactured in India other than in a
hundred percent export-oriented undertaking or a free trade zone, if sold in
India.
Provided that nothing contained in this notification shall apply where
such finished products, if manufactured and cleared by a unit other than a
hundred percent export-oriented undertaking or a unit in a free trade zone, are
wholly exempt from the duties of excise or are chargeable to Nil rate of duty.