Manner of payment in respect of speci­fied goods on which excise duty has been imposed with effect from 1st March, 2002

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....of doubts, it is hereby clarified that the duty liability shall be deemed to have been discharged only if the amount payable is credited to the account of the Central Government by the specified date. (2) The duty of excise shall be deemed to have been paid for the purposes of these rules on the excisable goods removed in the manner provided under sub-rule (1) and the credit of such duty allowed, as provided by or under any rule. (3) If the assesssee fails to pay the amount of duty by due date, he shall be liable to pay the outstanding amount along with interest at the rate specified by the Central Government vide notification issued under ^1[section 11AA] of the Act on the outstanding amount, for the period starting with the first da....

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....pecified in that notification or, as the case may be, at the rate of 16% ad valorem.  (2) Granite falling under heading No. 68.07 manufactured by units which would have been eligible for exemption from duty whether in whole or in part under notification No. 8/2001-Central Excise    or    No.  9/2001-Central    Excise, dated the 1st March, 2001, as they existed before 1st March, 2002 and granite failling under heading No. 68.07 manufactured by units which would have been eligible for exemption whether in whole or in part if such exemption had not been withdrawn under Notification No. 8/2002-Central Excise or, as the case may be, under Notification No. 9/2002-Central Excise, both dated....

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....the rate of 12% ad valorem.  (4) Woven fabrics of man-made fibres, falling under Chapter 54 or Chapter 55, when subjected to any one or more of the following processes, namely:-       (a) singeing, that is to say, burning away of knots and loose ends in the fabrics;       (b) padding, that is to say, application of natural starch to one or both sides of the fabrics;       (c) back filling, that is to say, application of starch to one side of the fabrics;       (d) cropping, that is to say, cutting away mechanically of loose ends from the fabrics; or       (e) the process of blowing (st....