Seeks to amend Notification No. 20/2016-Central Excise (N.T.) dated 01.03.2016 [Central Excise (Removal of Goods at Concessional Rate of Duty for Manufacture of Excisable and Other Goods) Rules, 2016] so as to notify 16.03.2016 as the date from which the said rules will be effective. Further the requirement of submission of security for availing the benefit under the said notification is being done away with.
[TO BE PUBLISHED IN GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
New Delhi, the 15th March, 2016
Notification
No. 22/2016 – Central Excise (N.T.)
G.S.R.— (E) . 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:
1. Short title, extent and commencement. (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-rule (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.
[F. No. B-1/2/2016-TRU]
(Anurag Sehgal)
Under Secretary to the Government of India
Note:- The principal notification No. 20/2016-Central Excise (N.T), dated the 1st March, 2016 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 251(E), dated the 1st March, 2016.