Notification No.03/2002, Dated 29 Jan 2002

29th January, 2002

Notification No. 3/2002 - Central Excise

            In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944) read with clause (c) of section 119 of the Finance Act, 1999 (27 of 1999), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts goods falling in Chapter 27 of the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) and the Second Schedule to that Act, respectively, and cleared from Assam Oil Division, Indian Oil Corporation, Digboi, from so much of each of the rate of the duties of excise set forth thereon in the said First Schedule and the Second Schedule as is in excess of the amount calculated at fifty per cent. of each of the duties of excise leviable thereon under section 3 of the said Central Excise Act, 1944 subject to any other notification, issued under sub-section (1) of section 5A of the said Central Excise Act, and is for the time being in force.

Joint Secretary to the Government of India

F.No. 354/178/2001-TRU

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