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of <h1>India Amends Rule 4(5) in Excise Rules: 'Surety' Now Includes 'Security' Under Central Excise Act, 1944.</h1> The Government of India, through the Ministry of Finance's Department of Revenue, has issued Notification No. 46/2016 to amend the Central Excise (Removal of Goods at Concessional Rate of Duty for Manufacture of Excisable and Other Goods) Rules, 2016. This amendment involves a change in rule 4, sub-rule (5), where the term 'surety' is now expanded to include 'or security.' This modification is made under the authority of section 37 of the Central Excise Act, 1944. The principal notification was initially published on March 1, 2016, and was last amended on March 15, 2016.
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