16 July, 2001

Notification No. 57/2001-Central Excise (N.T.)

            In exercise of the powers conferred by sub-section (1) and sub-section (2) of section 4A 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 makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No 5/2001-Central Excise (N.T.), dated the 1st March, 2001, namely:-

In the said notification, in the Table,-

1. after serial No. 80 and entries relating thereto, the following serial No. and entries

shall be inserted, namely:-

(1)	(2)	(3)	(4)
" 80A.	9101.90 and 9102.90	Watches of retail sale price, not exceeding Rs 500 per piece on which duty is paid at the rate specified in the First Schedule to the Central Excise Tariff Act,1985 (6 of 1986) and the manufacturer does not avail of the exemption under any notification of Government of India in the Ministry of Finance (Department of Revenue), for the time being in force, in respect of such watches	35%";

2. after serial No. 81 and entries relating thereto, the following serial No. and entries