TMI BlogExemption to excisable goods when brought in an acquaculture farm from factory or warehouse and for export of a acquaculture products by the acquaculture farm operating as a hundred per cent export oriented undertakingX X X X Extracts X X X X X X X X Extracts X X X X ..... ection (3) of section 3 of the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts excisable goods specified in the Annexure I to this notification (hereinafter referred to as the said goods) when brought in an acquaculture farm from the factory of their manufacture or warehouse in connection with the operational requirement of such acquaculture farm and for export of acquaculture products produced or manufactured from such goods by the acquaculture farm operating as a hundred per cent export oriented undertaking from the whole of : - (i) the duty of excise leviable thereon under section 3 of the Centr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t the said goods have been used for any of the purposes specified in the Export-Import Policy and in this notification: (7) the manufacturer of the said goods follows the procedure contained in rules 156-A and 156-B of the Central Excise Rules, 1944 (hereinafter referred to as the said rules) as modified by rule 173-N of the said rules; (8) the undertaking follows the procedure contained in Chapter X of the said rules with the modification that certificate in Form C.T. 3 as specified in Annexure II to this notification shall be used by the central excise officer in charge of the undertaking in place of a certificate in form C.T. 2 prescribed under the said rules. 2. Notwithstanding anything contained in this notification the exemption ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y excise duty; (c) such clearance of goods (other than those specified in clauses (a) and (b) above) may be allowed on payment of excise duty leviable on such goods, on the full value at the time of their clearance from the factory of manufacture and at rates in force on the date of payment of such excise duty. Explanation. - The depreciation in respect of goods covered by clause (a) shall be allowed for the period from the date of commencement of commercial production of the unit or the date of receipt of the goods in the unit, whichever is later, till the date of payment of duty. S. No. Description of Goods 1. Capital Goods including plant and machinery for packaging, conveyor belts and accessories, spare ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... materials, special cooking medium, bread crumbs/powder. 11. Packaging materials, all sorts. ANNEXURE II No.................... Date......................... FORM C.T. 3 Certificate for removal of excisable goods under bond This is to certify that : (1) Mr./Messrs................................... (Name and address) is/are bona fide licensee holding licence No..................................Valid upto............................... (2) That he/they has/have executed a bond in Form B-16 (General Surety/General Security). No.......................date.................... for Rs...............with the Assistant Collector of Central Excise................................and as such may b ..... X X X X Extracts X X X X X X X X Extracts X X X X
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