Rescission of notification under section 5A withdraws prior central excise exemption, effective prospectively from the notified effective date. The Government, invoking statutory rescission powers under sub section (1) of section 5A of the Central Excise Act, 1944 and satisfied of public interest, rescinds Notification No. 50/97 Central Excise (dated 1st August, 1997) so that the prior exemption ceases to have effect from the specified effective date, thereby prospectively withdrawing the earlier central excise exemption.
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Rescission of notification under section 5A withdraws prior central excise exemption, effective prospectively from the notified effective date.
The Government, invoking statutory rescission powers under sub section (1) of section 5A of the Central Excise Act, 1944 and satisfied of public interest, rescinds Notification No. 50/97 Central Excise (dated 1st August, 1997) so that the prior exemption ceases to have effect from the specified effective date, thereby prospectively withdrawing the earlier central excise exemption.
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