New excise rule for removal of goods applicable from 16.3.2016

By | March 17, 2016
(Last Updated On: March 17, 2016)

CENTRAL EXCISE (REMOVAL OF GOODS AT CONCESSIONAL RATE OF DUTY FOR MANUFACTURE OF EXCISABLE AND OTHER GOODS) (AMENDMENT) RULES, 2016

AMENDMENT IN RULES 1 & 4 AND INSERTION OF RULE 8

NOTIFICATION NO.22/2016-C.E. (N.T.), DATED 15-3-2016

In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944) the Central Government hereby makes the following rules to amend the Central Excise (Removal of Goods at Concessional Rate of Duty for Manufacture of Excisable and Other Goods) Rules, 2016, namely:—

Short title, extent and commencement

1. (1) These rules may be called the Central Excise (Removal of Goods at Concessional Rate of Duty for Manufacture of Excisable and Other Goods) (Amendment) Rules, 2016.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Central Excise (Removal of Goods at Concessional Rate of Duty for Manufacture of Excisable and Other Goods) Rules, 2016 (hereinafter referred to as the said rules), in rule 1, for sub-rules (2) and (3), the following sub-rule shall be substituted, namely:—

‘(2) They shall come into force on the 16th day of March, 2016’.;

3. In the said rules, in rule 4, in sub-rule (5), the words ‘or security’ shall be omitted.

4. In the said rules, after rule 7, the following rule shall be inserted, namely:—

‘8. References in any rule, notification, circular, instruction, standing order, trade notice or other order to the Central Excise (Removal of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 2001 and any provision thereof shall, be construed as references to the Central Excise (Removal of Goods at Concessional Rate of Duty for Manufacture of Excisable and Other Goods) Rules, 2016 and any corresponding provision thereof.’

Direct Taxes Ready ReckonerService Tax Ready ReckonerCompany Law Ready Reckonertax deduction at source
New Books Released on Tax , GST and law

Leave a Reply

Your email address will not be published. Required fields are marked *