Seeks to amend notification No. 36/2001-Central Excise (N.T.) dated 26th June, 2001, so as to exempt a manufacturer or principal manufacturer of articles of jewellery or parts of articles of jewellery or both, falling under heading 7113 of the Central Excise Tariff Act, 1985 (5 of 1986) from taking central excise registration upto the full exemption limit.
[TO BE PUBLISHED IN GAZETTE OF INDIA, EXTRAORDINARY, PART – II, SECTION 3, SUB-SECTION (i)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
Notification No. 40/2016 Central Excise (N.T.)
New Delhi, the 26th July, 2016
G.S.R (E)- In exercise of the powers conferred by sub-rule (2) of rule 9 of the Central Excise Rules, 2002, the Central Board of Excise and Customs, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification number 36/2001-Central Excise (N.T.), dated the 26th June, 2001, in the Ministry of Finance, Department of Revenue, 2001, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number GSR 465 (E), dated the 26th June, 2001, namely,-
In the said notification, in the paragraph (3), for Explanation, the following shall be substituted, namely:-
“Explanation. – For the purpose of this notification, the expression “specified limit” shall mean,-
(a) in respect of goods falling under heading 7113 of the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), full exemption limit;
(b) for goods, other than (a) above, full exemption limit minus sixty lakh rupees.”.
[F. No. 354/25/2016 –TRU (Pt.-I)]
Under Secretary to the Government of India
Note: The principal notification No. 36/2001 – Central Excise (N.T.), dated the 26th June, 2001 was published in the Gazette of India, vide number G.S.R. 465 (E), dated the 26th June, 2001 and was last amended, vide notification No. 19/2016-Central Excise (N.T.), dated the 1st March, 2016 published in the Gazette of India, vide number G.S.R. 250(E), dated the 1st March, 2016.