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of <h1>India Amends Central Excise Rules: New Storage Requirements and Terminology Updates in Notification No. 31/2016.</h1> The Government of India has issued Notification No. 31/2016-Central Excise, amending Notification No. 22/2003-Central Excise dated 31st March 2003. Key changes include replacing 'bonded premises' with 'premises of the unit' and removing references to the 'rewarehousing procedure' in specified paragraphs. Additionally, a new condition requires units to have secure storage premises for duty-free procured goods and manufactured products, with details declared to the designated officer. These amendments are made under the Central Excise Act 1944 and related excise acts, deemed necessary in the public interest.
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