TMI BlogManner of payment in respect of specified goods on which excise duty has been imposed with effect from 1st March, 2002X X X X Extracts X X X X X X X X Extracts X X X X ..... liability shall be deemed to have been discharged only if the amount payable is credited to the account of the Central Government by the specified date. (2) The duty of excise shall be deemed to have been paid for the purposes of these rules on the excisable goods removed in the manner provided under sub-rule (1) and the credit of such duty allowed, as provided by or under any rule. (3) If the assesssee fails to pay the amount of duty by due date, he shall be liable to pay the outstanding amount along with interest at the rate specified by the Central Government vide notification issued under 1 [section 11AA] of the Act on the outstanding amount, for the period starting with the first day after due date till the date of actual pay ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the rate of 16% ad valorem. (2) Granite falling under heading No. 68.07 manufactured by units which would have been eligible for exemption from duty whether in whole or in part under notification No. 8/2001-Central Excise or No. 9/2001-Central Excise, dated the 1st March, 2001, as they existed before 1st March, 2002 and granite failling under heading No. 68.07 manufactured by units which would have been eligible for exemption whether in whole or in part if such exemption had not been withdrawn under Notification No. 8/2002-Central Excise or, as the case may be, under Notification No. 9/2002-Central Excise, both dated the 1st March, 2002. (3) Woven fabrics of cotton, falling under Chapter 52, when subjected to any one or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (c) back filling, that is to say, application of starch to one side of the fabrics; (d) cropping, that is to say, cutting away mechanically of loose ends from the fabrics; or (e) the process of blowing (steam pressing) carried out on woven fabrics of acrylic fibre, if such fabrics are processed in a factory which does not have the facilities (including plant and equipment) for carrying out bleaching, dyeing or printing or any one or more of these processes with the aid of power or steam, and such fabrics were exempt from whole of the duties leviable thereon under the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) and the First Schedule to the Additional Duties of Excise (Goods of Special Importan ..... X X X X Extracts X X X X X X X X Extracts X X X X
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