Education Cess added to excisable goods, and bonding relaxed allowing general bond or letter of undertaking in lieu of security. The notification adds a proviso allowing manufacturers to furnish a general bond without surety or security, or a letter of undertaking in the Annexure-II form to Notification No.42/2001-Central Excise (N.T.) in lieu of a bond. It also inserts clauses into Explanation-I to include the National Calamity Contingent duty and the Education Cess on excisable goods as levies covered by the principal notification.
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Provisions expressly mentioned in the judgment/order text.
Education Cess added to excisable goods, and bonding relaxed allowing general bond or letter of undertaking in lieu of security.
The notification adds a proviso allowing manufacturers to furnish a general bond without surety or security, or a letter of undertaking in the Annexure-II form to Notification No.42/2001-Central Excise (N.T.) in lieu of a bond. It also inserts clauses into Explanation-I to include the National Calamity Contingent duty and the Education Cess on excisable goods as levies covered by the principal notification.
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