| Date: |
01-03-2015
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| Notification No: |
Central Excise Notification No 11/2015 CE (NT)
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| Issuing Authority: |
Central Excise
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| Type: |
Non Tariff
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| File No: |
F. No.334/5/2015-TRU |
| Subject: |
Seeks to notify the “resident firm” as the class of persons for the purposes of section 23A of the Central Excise Act, 1944 so as to extend the scheme of Advance Ruling to Resident Firm.
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GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
NOTIFICATION No. 11/2015-Central Excise (N.T.)
New Delhi, the 1st March, 2015
G.S.R. (E).- In exercise of the powers conferred by sub-clause (iii) of
clause (c) of section 23A of the Central Excise Act, 1944 (1 of 1944), the
Central Government hereby specifies “resident firm” as class of persons for the
purposes of the said sub-clause.
Explanation. - For the purposes of this notification,-
(a) “firm” shall have the meaning assigned to it in section 4 of the Indian
Partnership Act, 1932 (9 of 1932) , and includes-
(i) the limited liability partnership as defined in clause (n) of sub-section
(1) of the section 2 of the Limited Liability Partnership Act, 2008 (6 of 2009);
or
(ii) limited liability partnership which has no company as its partner; or
(iii) the sole proprietorship; or
(iv) One Person Company.
(b) (i) “sole proprietorship” means an individual who engages himself in an
activity as defined in sub-clause (a) of section 23A of the Central Excise Act,
1944.
(ii) “One Person Company” means as defined in clause (62) of section 2 of the
Companies Act, 2013 (18 of 2013).
(c) “resident” shall have the meaning assigned to it in clause (42) of section 2
of the Income-tax Act, 1961 (43 of 1961) in so far as it applies to a resident
firm.
[F. No.334/5/2015-TRU]
(Pramod Kumar)
Under Secretary to the Government of India
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