New User   Login      
Tax Management India .com TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

Seeks to notify new Central Excise (Removal of Goods at Concessional rate of Duty for Manufacture of Excisable Goods) 2016.

Central Excise - 20/2016 - Dated:- 1-3-2016 - GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 20/2016 - Central Excise (N.T.) New Delhi, the 1st March, 2016 G.S.R. 251 (E) .- In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944) and in supersession of the Central Excise (Removal of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 2001, except as respects things done or omitted to be done before .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

cation issued under sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944) granting exemption of duty to excisable goods when used for the purpose specified in that notification: Provided that an un-registered manufacturer including manufacturers of exempted goods or non-excisable goods shall be eligible to avail the benefits of the provisions of these rules after taking registration under rule 9 of the Central Excise Rules, 2002. 3. Definitions.- In these rules, unless the co .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

acturer who supplies excisable goods at concessional rate of duty to applicant manufacturer; (g) words and expressions used in these rules and not defined but defined in the Act and the rules made there under shall have the same meanings respectively assigned to them. 4. Information by applicant manufacturer to obtain benefit. - (1) An applicant manufacturer shall provide an information in duplicate in the Form I to the jurisdictional Assistant Commissioner of Central Excise or the Deputy Commis .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

upplier manufacturer of subject goods or provide combined information for multiple supplier manufacturers with details of each of them in Form I. (4) The applicant manufacturer shall provide the information from time to time to receive subject goods in quantities commensurate with expected consumption in the manufacturing process for a period of one year or less. (5) The applicant manufacturer shall execute a general bond with surety or security: Provided that it shall be sufficient to provide a .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ods. 5. Procedure to be followed by supplier manufacturer of subject goods. - (1) The supplier manufacturer shall avail the benefit of this notification on the basis of information received by him under sub-rule (6) or rule 5. (2) The supplier manufacturer shall maintain record of information received under sub-rule (1) on the basis of which goods have been removed, the removal details, such as number and date of invoice, description, quantity and value of subject goods and amount of excise duty .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

y the tenth day of the month following each quarter of the financial year. 7. Recovery of duty in certain cases. - Where the goods cleared by the supplier manufacturer on the basis of information provided by an applicant manufacturer, are not used for the intended purpose, the applicant manufacturer shall be liable to pay the amount equal to the difference between the duty leviable on such goods but for the exemption and that already paid, if any, at the time of removal from the factory of the s .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

d, if any, at the time of removal from the factory of the supplier manufacturer of the subject goods, along with interest and the provisions of section 11A except the time limit mentioned in the said section and section 11AA of the Act shall apply mutatis mutandis, for effecting such recoveries. Provided further that if the subject goods on receipt are found to be defective or damaged or unsuitable or surplus to the needs of the applicant manufacturer, he may return the subject goods to the supp .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

urer s premises to the place of procurement or during handling or storage in the applicant manufacturer s premises. Form I [see rule 4(1) and (3)] Information under Central Excise (Removal of Goods at Concessional Rate of Duty for Manufacture of Excisable and Other Goods) Rules, 2016 To, The Assistant Commissioner or Deputy Commissioner of Central Excise, Division .......... , Sir, We intend to avail benefit of exemption of duty for the purpose of manufacture of goods in our factory. The details .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version