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of <h1>Manufacturers Can Procure Goods at Reduced Duty Under Central Excise Rules 2016; Must Comply with Conditions</h1> The Central Excise (Removal of Goods at Concessional Rate of Duty for Manufacture of Excisable and Other Goods) Rules, 2016, allows manufacturers to procure goods at a reduced duty rate for manufacturing purposes. The manufacturer must provide details such as the goods to be procured, quantity, duty foregone, and supplier information to the Assistant or Deputy Commissioner of Central Excise. They must comply with the rules and agree to pay any duty differences, with interest and penalties, if conditions are not met. A letter of undertaking or bond with surety must be executed.
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