| Date: |
31-03-2003
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| Notification No: |
Central Excise Notification No 26/2003
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| Issuing Authority: |
Central Excise
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| Type: |
Tariff
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| File No: |
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| Subject: |
Exemption to Goods Produced or Manufactured by a Unit in Special Economic Zone
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Exemption to Goods Produced or Manufactured by a Unit in Special Economic
Zone
Central
Excise Notification No. 26 dated 31st March 2003
In
exercise of power 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 all goods specified in
the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), produced
or manufactured by a unit in special economic zone and allowed to be sold in
India, from so much of the duty of excise leviable thereon as is equivalent to
the special additional duty of customs leviable on such goods under section 3 A
of the Customs Tariff Act, 1975 (51 of 1975) read with proviso to sub-section
(1) of section 3 of the said Central Excise Act:
Provided
that nothing contained in this notification shall apply where such goods are
exempted by the State Government from the payment of sales tax.
2.
This notification shall come into force on the 1st day of
April 2003.
Explanation:
For the purposes of this notification, �special economic zone� has the
same meaning as assigned to it in clause (iii) to the Explanation 2 of
sub-section (1) of section 3 of the Central Excise Act, 1944 (1 of 1944).
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