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EXTRAORDINARY

PART II—Section 3—Sub-section (i)

PUBLISHED BY AUTHORITY

No. 3] NEW DELHI, THURSDAY, JANUARY 1, 1976/PAUSA 11, 1897

Separate paging la giventothisPart in order that it may be filed as a separate c o m p i l a t i on

MINISTRY OF FINANCE (Department of Revenue and Insurance) NOTIFICATION

CENTRAL EXCISES

NEW Delhi, the1stJanuary, 1976

G.S.R. 3(E),—In exercise of the powers conferred by sub-rule (1) of rule 8 of Lao Central Excise Rules, 1944, the Central Government hereby makes the following amend- ments to the notification of the Government of India in the Ministry of Finance (Depart- ment of Revenue and Insurance) No. 39/73-Central Excises, dated the 1st March, 1973, namely:—

In the said notification,—

(a) for the words, letters and figures "on the plant and machinery installed therein, as on the date of the initial installation of such plant and machinery, is not more than Rs. 7.5 lakhs", the words "on the plant and machinery only, installed therein as on the date or dales of the initial installation of such plant and machinery, is not more than rupees ten lakhs" shall be substituted;

(b) before paragraph 2, the following paragraph shall be inserted, namely:—

"IA. Where the capital investment on plant and machinery only, installed in an industrial unit referred above as on the date or dates of the initial installation of the plant and machinery,—

(i) is less than rupees ten lakhs, exemption shall be allowed under this notifica- tion till such period the original value as on the date or dates of the initial installation of the plant and machinery plus capital investment if any. made on plant and machinery subsequent to the date or dates of the initial installation does not exceed rupees ten lakhs;