Seeks to amend Notification No. 20/2016-Central Excise (N.T.) dated 01.03.2016 [Central Excise (Removal of Goods at Concessional Rate of Duty for Manufacture of Excisable and Other Goods) Rules, 2016] so as to notify 16.03.2016 as the date from which the said rules will be effective. Further the requirement of submission of security for availing the benefit under the said notification is being done away with. - 22/2016 - Central Excise - Non Tariff

Concessional duty removal: commencement fixed and security requirement abolished for availing concessional removal benefits under the Rules.

The amendment fixes the commencement of the 2016 Rules as 16th March, 2016 and removes the requirement of providing 'or security' in rule 4(5), eliminating the security obligation for availing concessional removal of goods. It also inserts a new rule directing that any reference to the 2001 Rules in subordinate instruments be read as a reference to the 2016 Rules and corresponding provisions.