Valuation of second-hand machinery: use Chartered Engineer's declared new-machine price as base for depreciation calculations.
Depreciation for valuation of second-hand machinery shall be calculated on the price of the new machine as declared in the Chartered Engineer's certificate; where the certificate does not state the price as of the year of manufacture, Customs must use the declared new-machine price as the base original value without further inquiry into historical c.i.f. prices, and earlier instructions requiring such determination are modified accordingly.

Removal of inputs for repair permitted subject to prior permission and compliance with prescribed movement procedure.
A manufacturer operating under the Modvat scheme may, with prior permission, remove inputs or partially processed inputs to locations outside the factory, including the supplier, for repair, refining or reconditioning, provided the prescribed movement procedure under Rule 57F(2) is followed and trade and field formations are informed.

Special bond for molasses storage requires manufacturers to guarantee duty and waive remission on losses.
Manufacturers storing molasses in katcha pits must execute a special bond, backed by cash or securities, to guarantee payment of excise duty and other charges on molasses stored at their risk. The bond obliges observance of Central Excise Rules, an undertaking to pay full duty for molasses lost, damaged or destroyed (including by natural causes), a waiver of claims for remission under rule 49, and payment of demanded dues into the treasury within ten days of written demand, with recovery from the deposit or bond on breach.

Storage bond requirement for molasses: manufacturers must execute a special bond and guarantee duty on losses.
Manufacturers storing molasses in katcha pits must execute a special bond-modeled on the prior B-2 form but omitting reference to the deleted Rule 48-providing a guarantee by cash or securities to secure payment of excise duty and charges. The bond requires observance of Central Excise Rules on duty payment, an express undertaking to pay full duty for molasses lost, deteriorated, damaged or destroyed (including by natural causes), waiver of remission claims, and authorises demand and recovery from deposited securities on written notice.