ieport.com - India's
Premier portal on Central Excise
matters
----------------------------------------------------------------------------------------------------------
Notification No- 23/2006-CE dated 1.3.2006
Naphtha to attract 16% Central Excise duty
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, on being satisfied
that it is necessary in the public interest so to do, hereby exempts Naphtha
falling under heading 2710 of the First Schedule to the Central Excise Tariff
Act, 1985 (5 of 1986) from so much of the duty of excise leviable thereon under
the First Schedule to the Central Excise Tariff Act, as is in excess of the
amount calculated at the rate of 16 percent ad volorem.
(F.No. 334/3/2006-TRU)
(Ajay)
Under Secretary to Government of India