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Excisable goods produced in a 100% <a href='http://www.eximguru.com/exim/eou/default.aspx'>EOU</a> or FTZ and sold in DTA at
concessional excise duty in excess of 50% of customs duty and cleared for the
period from 1-4-1992 to 28-2-1993
Whereas the Central Government satisfied that
according to a practice that was generally prevalent regarding levy of duty of
excise (including non-levy thereof) under the Central Excise Act, 1944 (1 of
1944), the duty of excise chargeable on all excisable goods (hereinafter
referred to as the said goods) specified in the Schedule to the Central Excise
Tariff Act, 1985 (5 of 1986) and produced or manufactured in a hundred per cent
export oriented undertaking or a free trade zone and allowed to be sold in India
under and in accordance with the provisions of sub-paragraph (2) of paragraph
333, paragraph 334 and sub-paragraphs (3) and (4) of paragraph 345 of the
�Import and Export Policy, April, 1990-March 1993 or paragraph 102 of the
Export and Import Policy, 1st April
1992- March, 1997 exempted from so much of the duty of excise leviable thereon
under section 3 of the said Central Excise Act, 1944 as is in excess of the
amount calculated at the rate of 50% of each of the duties of customs, which
would be leviable under section 12 of the Customs Act, 1962 (52 of 1962) read
with any other notification for the time being in force issued under sub-section
(1) of section 25 of the said Customs Act on the like goods produced or
manufactured outside India as if imported into India were not being levied under
section 3 of the first-mentioned Act, during the period commencing on the 1st
day of April, 1992 and ending with the 28th day of February, 1993.
Now, therefore, in exercise of the powers conferred
by section 11C of the Central Excise Act, 1944 (1 of 1944), the Central
Government hereby directs that duty of excise leviable on the said goods in
excess of 50% of each of duties of Customs payable under section 3 of the
first-mentioned Act, on Domestic Tariff Area clearances by hundred per cent
export oriented undertaking but for the said practice, shall not be required to
be paid in respect of such Domestic Tariff Area clearances on which the said
duty of excise were not levied during the period aforesaid, in accordance with
the said practice.
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