Exemption to components of IC engines cleared under Chapter X procedure before the Budget but used after the Budget - Whether exemption applicable - Regarding

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....licable - Regarding Circular No. 48/48/94-CX Dated 12-8-1994 [From F.No. 356/67/94-TRU] Government of India Ministry of Finance (Department of Revenue) Central Board of Excise and Customs, New Delhi Subject : Exemption to components of IC engines cleared under Chapter X procedure before the Budget but used after the Budget - Whether exemption applicable - Regarding. I am di....

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....1-3-1994 but used subsequently or still lying with the end users. It seems that in some cases field officers have taken a view that with the rescinding of the aforesaid notifications w.e.f 1-3-1994, the end-user would have to pay excise duty on the components which were received prior to 1-3-1994 but still not used for the intended purpose by 1-3-1994. 3. The matter has been examined. It is to ....