TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRA-ORDINARY, DATED THE 31^ST MARCH, 2003

10 CHAITRA, 1925 SAKA

GOVERNMENT OF INDIA

MINISTRY OF FINANCE AND COMPANY AFFAIRS

(DEPARTMENT OF REVENUE)

New Delhi, dated the 31^st March, 2003

10 Chaitra, 1925 Saka

NOTIFICATION

NO.  26/2003 - CENTRAL EXCISE

         G.S.R.       (E) .-   In exercise of power 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 all goods specified  in the  First Schedule  to  the Central Excise Tariff Act, 1985 (5of 1986), produced or manufactured  by a unit in special economic zone  and allowed to be sold in India, from so much of the duty of excise leviable thereon as is equivalent to the special additional duty of customs leviable on such goods under section 3 A of the Customs Tariff Act, 1975 (51 of 1975) read with proviso to sub-section (1) of section 3 of the  said Central Excise Act:

      Provided that nothing contained in this notification shall apply where such goods are exempted by the State Government from the payment of sales tax. 

2.  This notification shall come into force on the 1^st day of April, 2003.

Explanation.-  For the purposes of this notification, “special economic zone” has the same meaning as assigned to it in clause (iii) to the Explanation  2 of sub-section (1) of section 3 of the Central Excise Act, 1944 ( 1 of 1944).   

[ F. No. 305/45/2003-FTT]                        

(D. S. Garbyal)

                                                          Under Secretary to the Government of India