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Amendment to Central Excise Notification No. 29 dated 13th May 2002
Central
Excise Notification No. 34 dated 21st June 2002
WHEREAS
the Central Government is exercise of the powers conferred by sub-section (1) of
section 5A of the Central Excise Act, 1944 (1 of 1944) read with sub-section (3)
of section 111 of the Finance Act, 1998 (21 of 1998), sub-section (3) of section
133 of the Finance Act, 1999 (27 of 1999), and sub-section (3) of section 147 of
the Finance Act, 2002 (20 of 2002), has issued notification No. 29/ 2002-Central
Excise, dated the 13th May 2002 [G.S.R. 362 (E), dated the 13th
May, 2002] published in the Gazette of India, Part ll, Section 3, Sub-section (i)
dated May 13, 2002;
AND
WHEREAS the Central Government considers it necessary and expedient so to do for
the purpose of clarifying the scope and applicability of the said notification
to insert an explanation in that notification;
NOW,
THEREFORE, in exercise of the powers conferred by sub-section (2A) of section 5A
of the Central Excise Act, the Central Government hereby makes the following
amendment in the said notification namely: -
In
the said notification, after Table annexed thereto, the following Explanation
shall be inserted, namely: -
�Explanation:
(1)
For the removal of doubts, it is hereby declare that the exemption under this
notification shall also be available on the said goods if such goods are removed
under bond, without payment of the duties of excise specified in column (2) of
the said Table, from any of the refineries specified against clauses (a) to (d),
to a warehouse and subsequently removed from the said warehouse on payment of
fifty percent of such duties.
(2)
This Explanation shall have effect as if it had always been the part of this
notification.�
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