31st March, 2003
Notification No. 27/2003 - Central Excise
In exercise of the powers conferred by sub-section (1) of section
5A of the Central Excise Act, 1944 (1 of 1944), the Central
Government, being satisfied that it is necessary in the public
interest so to do, hereby exempts castor oil cake falling under
heading No. 23.01 of the First Schedule to the Central Excise
Tariff Act, 1985 (5 of 1986), when manufactured from indigenous
castor oil seeds on indigenous plant and machinery by a unit in
special economic zone, which was in existence and functioning in
a free trade zone before conversion of the said free trade zone
into special economic zone with effect from the 1st
day of November, 2000 and brought to any other place in India in
accordance with the provisions of Export and Import Policy from
whole of duty of excise leviable thereon under section 3 of the
said Central Excise Act.
2. This
notification shall come into force on the 1st day of
April, 2003.
Explanation.- For the purposes of this notification,
(i) "Export
and Import Policy" means the Export and Import Policy,
2002-2007 published by the Government of India in the Ministry of
Commerce and Industry vide notification No. 1 ( RE-2003)
/2002-2007, dated the 31st March, 2003;
(ii) " free
trade zone" and "special economic zone" have the
same meaning as assigned to them respectively in clauses (i) and
(iii) to Explanation 2 of sub-section (1) of section 3 of
the Central Excise Act, 1944 (1 of 1944).
D. S. Garbyal Under Secretary to the Government of India
F. No. 305/45/2003-FTT |