Seeks to amend Notification No. 20/2016-CE (NT) dated 01.03.2016 [Central Excise (Removal of Goods at Concessional Rate of Duty for manufacture of Excisable and other Goods) Rules, 2016] - 46/2016 - Central Excise - Non Tariff
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Surety or security amendment clarifies acceptable guarantee forms for concessional removal rules of goods under duty concession scheme. Amendment inserts the words 'or security' after 'surety' in rule 4(5) of the Central Excise (Removal of Goods at Concessional Rate of Duty for Manufacture of Excisable and Other Goods) Rules, 2016, thereby broadening the allowable forms of guarantee for removals under the concessional duty regime without changing other provisions of the Rules.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Surety or security amendment clarifies acceptable guarantee forms for concessional removal rules of goods under duty concession scheme.
Amendment inserts the words "or security" after "surety" in rule 4(5) of the Central Excise (Removal of Goods at Concessional Rate of Duty for Manufacture of Excisable and Other Goods) Rules, 2016, thereby broadening the allowable forms of guarantee for removals under the concessional duty regime without changing other provisions of the Rules.
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