NTF. NO.15/1998-CE, DT. 03/06/1998

Petroleum oils, spirts, etc. exemption of Excise duty over 32%
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 115 of the Finance (No.2) Bill, 1998, which clause has, by virtue of the declaration made in the said Finance Bill under the Provisional Collection of Taxes Act, 1931 (16 of 1931), the force of law, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the goods falling under sub-heading Nos. 2710.11, 2710.12, 2710.13 and 2710.19 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), from so much of the duty of excise leviable thereon which is specified in the said Schedule, read with the provisions of clause 115 and Fourth Schedule of the said Finance Bill, as is in excess of the amount calculated at the rate of thirty two per cent ad valorem.

Sd/-
(VIVEK JOHRI)
DEPUTY SECRETARY TO THE GOVERNMENT OF INDIA

F. No. B/1/1/98-TRU

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