CENTRAL EXCISE Notification No 10 of 2018 dt 02nd February, 2018

Seeks to exempt duties of excise on the goods falling within the Fourth Schedule to the Central Excise Act, 1944, in excess of amount calculated at the rate of 50%

The extract of CENTRAL EXCISE Notification No. 10/2018- CENTRAL EXCISE is given below:

Notification No. 10/2018-CENTRAL EXCISE

10/2018- Central Excise dated 2nd February 2018

 

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY PART II, SECTION 3, SUB-SECTION (i)]

 

 

GOVERNMENT OF INDIA

 

MINISTRY OF FINANCE

 

(Department of Revenue)

 

 

Notification No. 10/2018-Central Excise

 

New Delhi, the 2^nd February, 2018

 

G.S.R. …… (E)- 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 110 of the Finance Bill, 2018 (4 of 2018), which, by virtue of the declaration made in the said Finance Bill under the Provisional

 

Collection of Taxes Act, 1931 (16 of 1931), has the force of law and sub-section (3) of section 147 of the Finance Act, 2002, (20 of 2002), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts goods falling within the Fourth Schedule to the said Central Excise Act, and cleared from

 

(a)  Numaligarh Refinery; or

 

(b)   Bongaigaon Refineries and Petrochemicals Limited; or

 

(c)  Indian Oil Corporation, Guwahati; or

 

(d)  Assam Oil Division, Indian Oil Corporation, Digboi,

 

from so much of each of the duties of excise specified in column (2) of the Table below, leviable under the Acts specified in column (3) of the said Table, as is in excess of the amount calculated at the rate of fifty per cent. of each of the duties specified in column (2) of the said Table, namely: -

 

				Table
S.No.		Duty		Act
(1)		(2)		(3)
1.	Duty of excise			Fourth Schedule to the Central Excise Act, 1944 (1
				of 1944).
2.	Additional    Duty		of	Clause 110 of the Finance Bill, 2018 (4 of 2018).
	Excise	(Road	and