Amendment of rules 57F and 57AB of the Central Excise Rules, 1944

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.... rule 57F, sub-rule (12), as substituted by clause (a) of rule 8 of the Central Excise (Amendment) Rules, 1997, published in the Official Gazette vide notification of the Government of India in the erstwhile Ministry of Finance (Department of Revenue), No. G.S.R. 122(E), dated the 1st March, 1997; and (b) in rule 57AB, in sub-rule (1), clause (b), as substituted by rule 5 of the Central Excise ....

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....ssent of the President, under the Central Excise Act or any rules made thereunder for not allowing the credit of specified duty or the CENVAT credit, as the case may be, to be taken or utilised which would have been allowed to be taken or utilised but for the amendments made by sub-section (1), shall be deemed to be, and to always have been, for all purposes, as validly and effectively taken or do....

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....ve been allowed to be taken and utilised, if the amendments made by sub-section (1) had been in force at all material times, within a period of thirty days from the day on which the Finance Bill, 2003 receives the assent of the President and in the event of non-payment of such credit of duties within this period, in addition to the amount of credit of such duties recoverable, interest at the rate ....