The Central Excise (No. 2) Rules, 2001.(Superseded vide Notification No. 4/2002-C.E., (N.T.), dated 1-3-2002)
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Duty on removal: payments, self-assessment, and compliance obligations govern excise movement and liability under central excise rules.
These rules make excise duty generally payable on removal from factory or registered warehouse, subject to specified exceptions; they require self-assessment, mandate registration, invoicing, daily stock accounts and periodic returns, provide for provisional assessment with bond and interest, prescribe payment timelines and default consequences, govern warehousing, exports and job-work liability allocation, allow CENVAT credit for returned goods, and empower inspection, seizure, confiscation and graduated penalties subject to procedural safeguards.