In exercise of the powers 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 paper and paper board falling under Chapter 48 of the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), and manufactured by Nagaon Paper Mill or Cachar Paper Mill of Hindustan Paper Corporation, from so much of duties of excise set forth thereon in the said First Schedule of the Central Excise Tariff Act, as is in excess of the amount calculated at fifty per cent. of the duties of excise leviable thereon under section 3 of the said Central Excise Act subject to any other notification, issued under sub-section (1) of section 5A of the said Central Excise Act, and is for the time being in force.

2. This notification shall remain in force from the 1st day of January, 2005 to the 31st day of December, 2005 (both days inclusive).

F.No. 354/19/2002-TRU
 

(V. Sivasubramanian)
Deputy Secretary to the Government of India