Exemption to bright bars falling within Chapter 72 during 1-3-1988 to 19-5-1988. - 04/91 - Central Excise - Non Tariff

Exemption for bright bars: duty not required to be paid where duty was not levied during the relevant period.

The Central Government directed that excise duty shall not be required to be paid on cold formed or cold finished steel bars (Bright Bars) when, during a specified past period, duty was not levied on such goods manufactured from duty paid inputs without availing credit under the excise rules; the direction exempts from recovery the duty that would otherwise have been payable but for that prevailing practice.