|
Amendments to the Customs (Import of Goods at Concessional Rate of Duty
for Manufacture of Excisable Goods) Rules, 1996
Notification No. 12 dated 1st March 2002 (NT)
In exercise of the powers conferred by section 156
of the Customs Act, 1962 (52 of
1962), the Central Government hereby makes the following rules further to amend
the Customs (Import of Goods at Concessional Rate of Duty for Manufacture of
Excisable Goods) Rules, 1996, namely: -
1.
(1) These rules may be called the
Customs (Import of Goods at Concessional Rate of Duty for Manufacture of
Excisable Goods) Amendment Rules, 2002.
(2) They shall come into force on
the 1st day of March 2002.
2. In the Customs (Import
of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules,
1996, in rule 8, for the words �the amount equal to the difference between the
duty leviable on such goods but for the exemption and that already paid at the
time of importation�, the words, figures and letters, �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 importation, alongwith interest, at
the rate fixed by notification issued under Section 28AB of the Customs Act,
1962, for the period starting from the date of importation of the goods on which
the exemption was availed and ending with the date of actual payment of the
entire amount of the difference of duty that he is liable to pay.� shall be
substituted.
|