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of <h1>India Amends Central Excise Rules: Key Changes on Provisional Assessments, Jewelry Manufacturer Eligibility, and Annual Returns.</h1> The Government of India, through the Ministry of Finance, has issued Notification No. 8/2016 to amend the Central Excise Rules, 2002. The amendments, effective from April 1, 2016, with some provisions starting from March 1, 2016, include changes to rules regarding provisional assessments, eligibility criteria for certain manufacturers, and submission of annual returns. Notable changes involve interest on provisional assessments, eligibility for jewelry manufacturers based on clearance values, omission of self-attestation requirements, and provisions for revised returns. Additionally, the amendments address the conclusion of proceedings related to duty, interest, and penalties under specific conditions.
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