Declaration Form amendment updates exemption threshold and prescribes new undertakings and schedule affecting excise compliance obligations. Amendment substitutes the monetary limit in the Explanation to paragraph (3) and replaces the existing Declaration Form and schedule. The new form requires declaration of truthful information, confirmation that exemption conditions have been met, undertaking to apply for Central Excise registration when exemptions cease, maintenance of records as directed by the Commissioner, and notification of changes. The new schedule requires factory details, related proprietary interests, business status, and particulars of excisable goods with tariff classification, clearance value, and the notification provisions relied upon.
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Declaration Form amendment updates exemption threshold and prescribes new undertakings and schedule affecting excise compliance obligations.
Amendment substitutes the monetary limit in the Explanation to paragraph (3) and replaces the existing Declaration Form and schedule. The new form requires declaration of truthful information, confirmation that exemption conditions have been met, undertaking to apply for Central Excise registration when exemptions cease, maintenance of records as directed by the Commissioner, and notification of changes. The new schedule requires factory details, related proprietary interests, business status, and particulars of excisable goods with tariff classification, clearance value, and the notification provisions relied upon.
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