Section 74 - Amendment of section 4 - Finance (No. 2) Act, 1996

74. Amendment of section 4 In section 4 of the Central Excises Act,- (a) in sub-section (1), in clause (a), in the proviso, after clause (i), the following clause shall be inserted, namely:- (ia) where the price at which such goods are ordinarily sold by the assessee is different for different places of removal, each such price shall, subject to the existence of other circumstances specified in clause (a), be deemed to be the normal price of such goods in relation to each such place of removal; ; (b) in sub-section (4),- (i) in clause (b),- (A) in sub-clause (i), the word or occurring at the end shall be omitted; (B) after sub-clause (ii), the following sub-clause shall be inserted, namely:- (iii) a depot, premises of a consignment agent or any other place or premises from where the excisable goods are to be sold after their clearance from the factory and, ; (ii) after clause (b), the following clause shall be inserted, namely:- (ba) time of removal , in respect of goods removed from the place of removal referred to in sub-clause (iii) of clause (b), shall be deemed to be the time at which such goods are cleared from the factory. .