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of <h1>Government Issues Notification Allowing Proforma Credit for Duty on Raw Materials in Petroleum Jelly & Waxes Production</h1> The Central Government has issued Notification No. 5/92-C.E. (N.T.) dated March 1, 1992, under rule 56A of the Central Excise Rules, 1944, allowing proforma credit for excise duty or additional duty paid on raw materials or components used in producing certain excisable goods. This notification applies to petroleum jelly and various types of waxes. The credit is applicable as per the specified headings and sub-headings under the Central Excise Tariff Act, 1985, and the Customs Tariff Act, 1975, as detailed in the notification's annexed table.
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