CBEC amends rules to allow benefits if exports are made to Nepal and Bhutan in freely convertible currency

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....4/2005 G.S.R. (E). -In pursuance of rule 19 of the Central Excise Rules, 2002, the Central Government hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), number 43/2001-Central Excise (N.T.), dated the 26th June, 2001, namely: - 2. In the said notification- 1) in the opening paragraph, the phrase ....

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....ees bought by the Asian Development Bank by payment to the Reserve Bank of India in foreign exchange).". (3) after paragraph (vi), the following shall be inserted, namely,- "(vii) for export of goods to Nepal and Bhutan, the conditions, safeguards and procedure specified in the Ministry of Finance (Department of Revenue) notification Number 45/2001-CE (N.T.) dated the 26th June, 2001 shall a....