TMI BlogAmendments to Notification No. 1/93-C.E. - S.S.I. exemptionX X X X Extracts X X X X X X X X Extracts X X X X ..... (a) for the "Annexure" the following "Annexure" shall be substituted, namely, - "ANNEXURE (1) All goods falling under heading No. 56.02, 74.01, 74.02, 74.03, 74.04, 74.08, 74.09, 74.10, 74.12, 74.13, 74.14, 74.15, 74.16, 74.17, 74.18 or 74.19 of the said Schedule. (2) All goods falling under sub-heading No. 2106.19, 2106.90, 2404.49, 5102.90, 5105.00, 5108.00, 5301.10, 5303.10, 5304.00, 5308.00, 5406.11, 5406.12, 5601.00, 5603.00, 5604.00, 5605.90, 5607.90, 5608.00, 5901.10, 5903.11, 5903.21, 5903.91, 5904.20, 5907.00, 5908.00, 5909.00, 6202.00, 6301.00 or 7407.12 of the said Schedule. (3) Rubber solution or vulcanizing solution powered cycles and powered cycle rickshaws; side cars of motor cycles (including scooters); evaporativ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d for home consumption under rule 57A or rule 57Q or under the both rules of the Central Excise Rules, 1944 (hereinafter referred to as the said Rules), from so much of the duty of excise leviable thereon which is specified in the said Schedule [read with any relevant notification issued under sub-rule (1) of rule 8 of the said Rules or sub-section (1) of section 5A of the said Act, and in force for the time being] as is equivalent to an amount calculated at the rate of 10 per cent ad valorem.". (ii) Clause (2) shall be omitted. (c) for the paragraphs 2, 3 and 4, the following paragraphs shall be substituted, namely:- "2. The aggregate value of clearances of the specified goods for home consumption in a financial year- (a) by a manu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd Village Industries Board, National Small Industries Corporation or the State Small Industries Development Corporation." (d) after paragraph 4, the following paragraph shall be inserted namely :- "Notwithstanding the exemption contained in paragraph 1 of this notification, a manufacturer shall have an option for not availing of the benefit of the exemption contained in said paragraph and to pay duty of excise at the rate applicable to the specified goods but for the exemption contained in the said paragraph 1, subject to the condition that such manufacturer shall pay duty at the rate applicable but for aforesaid exemption on all subsequent clearances of specified goods made after availing such option, in a financial year in which such ..... X X X X Extracts X X X X X X X X Extracts X X X X
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