REGISTERED NO. D-(D)-72
The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (i)
PUBLISHED BY AUTHORITY
No. 268) NEW DEI-HI, WEDNESDAY, OCTOBER 30, 1974/KARTIKA. 8, 1896
Separate paging is given to this Part in order that it may be filed as a separate compilation.
MINISTRY OF FINANCE
(Department of Revenue and Insurance)
NOTIFICATIONS
CENTRAL EXCISES
New Delhi, the 30th October 1974
G.S.R. 440(E).—In exercise of the powers, conferred by sub-rule (1) of rule 3 of the Central Excise Rules, 1944, read with sub-section (3) of section 3 of the Mineral Products (Additional Duties of Excise and Customs) Act, 1958 (27 of 1958), the Central Government hereby exempts furnace oil and heavy petroleum stock, falling respectively under Items Nos, 10 and 11A of the First Schedule to the Central Excises and Salt Act, 1944 (1 of 1944) and intended for use as feed- stock in the manufacture of fertilizers, from—
(a) the whole of the duty of excise leviable thereon; and (b) the whole of the additional duty of excise leviable thereon under the Mineral Products (Additional Duties of Excise and Customs) Act. 1958:
Provided that—
(i) it is proved to the satisfaction of the Assistant Collector of Central Excise that such furnace oil or heavy petroleum stock is so used, and (ii) the procedure set out in Chapter X of the Central Excise Rules, 1944, is followed.
[No. 147/74.]
K. VISWANATHAN, Dy. Secy.
(2047)
2048 THE GAZETTE OF INDIA EXTRAORDINARY LPART II—(Department of Revenue and Insurance)
CUSTOMS
New Delhi, the 30/h October 1974
G.S.R. 441 (E).—In exercise of the powers conferred by sub-section (1) of sec- tion 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary In the public interest so to do, hereby exempts fur- nace oil and heavy petroleum stock when imported into India for use as feed- stock in the manufacture of fertilizers, from:
(1) the whole of the duty of customs/ leviable therpon under the Firs.t Sche- dule to the Indian Tariff Act, 1934 (32 of 1934); and
(ii) the whole of the additional duty leviable thereon under section 2A of the Indian Tariff Act, 1934 (32 of 1934); and
Subject to the condition that the importer, by the execution of a bond in Ruch form and In such sum as may Ihe prescribed by the Assistant Collector of Customs, binds himself to pay on demand in respect of such quantity of furnace oil or heavy petroleum "tock as is not proved to the.satisfaction of the Assistant Collector of
SBC. 3(1)] THE GAZETTE OF INDIA EXTRAORDINARY 2049Customs to have been used for the aforesaid purpose, an amount equal to th" difference between the duty leviable on such quantity but for the exemption con- tained herein and that already paid at the time of importation.
[No. 82/F. No. 355/38/73-COB.I.]
G.S.R. 442(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), read with sub-section (4) of section IB of the Finance Act 1947 (20 of 1974), the Central Government belnfi satisfied that it is necessary in the public interest so to do, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue and Insurance) No. 39-Customs, dated the 11th May, 1974, namely: —
In the Schedule annexed to the said notification, aft^r Serial No. 96 and the entries relating thereto, the following shall be inserted, namely: — "07-No. 82-Customs, dated the 30th October. 1974".
[No. 83/F.No. 355/38/73-Cua.L]
B. C. RASTOGI. Dy. Secy.
2O5o THE GAZETTE OF INDIA EXTRAORDINARY [PART II—SEC. 3(i)]