NOTIFICATION No. 44/2015-Central Excise, New Delhi, the 24th November, 2015
In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 12/2012-Central Excise, dated the 17th March, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 163(E), dated the 17th March, 2012, namely:-
In the said notification, in the Table,-
(i) in serial number 306B, in column (3), the following Explanation shall be inserted, namely:-
Explanation.- Nothing contained in this exemption shall have effect on or after the 24th day of November, 2015.;
(ii) after serial number 306B and the entries relating thereto, the following serial number and the entries shall be inserted, namely:-
306C | Any Chapter | Raw materials and parts, for use in the manufacture of goods falling under heading/tariff item 8901, 8902, 8904 00 00, 8905 (except tariff item 8905 20 00) or 8906 Explanation.- For the purposes of this entry, it is clarified that in the case of steel already procured under Sl.No.306B above and lying unutilized,-
|
Nil | 2 and 3. |
[F.No. 354/166/2014-TRU]
Editor’s Note
1. The erstwhile entry 306B was :
306B | 72 | Steel supplied for use in the manufacture of goods falling under headings 8901, 8902, 8904, 8905 (except sub-heading 8905 20) or 8906, in accordance with the provisions of section 65 of the Customs Act, 1962 (52 of 1962) | Nil | 2 and 3 |
2. The readers would see that the exemption stands modified as entry 306B is discontinued from 24-11-2015 and new entry 306C introduced with modification.