TaxTMI 
TaxTMI 
Motor Vehicles – Condition of CE Exemption Changed
X X X X Extracts X X X X
X X X X Extracts X X X X
.... (1 of 1944), the Central Government, being satisfied that it is in the public interest so to do, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 6/2002-C.E, dated 1st March, 2002, namely:- In the annexure to the said notification, against condition No. 51, for the entries under Column heading "Co....
X X X X Extracts X X X X
X X X X Extracts X X X X
....any Department of the Central Government or a State Government or a Union territory Administration or a local authority; or (2). the Indian Red Cross Society; (c) the manufacturer takes credit of the amount equal to the amount of duty paid in excess of that specified under this exemption, in the Account Current, maintained in terms of Part V of the Excise Manual of Supplementary Instructions....
X X X X Extracts X X X X
X X X X Extracts X X X X
....h extended period not exceeding a further period of three months as the said Deputy Commissioner of Central Excise or the Assistant Commissioner of Central Excise, as the case may be, may allow, from the date of clearance of the said motor vehicle from the factory of the manufacturer; (3). a copy of the document evidencing the payment of excise duty, as mentioned in paragraph (a) above; (4).....
X X X X Extracts X X X X
X X X X Extracts X X X X
....se the credit taken by the manufacturer is in excess of the amount so determined, the manufacturer shall, within five days from the receipt of the said intimation, reverse the said excess credit from the said Account Current maintained by him. In case the credit availed is lesser than the amount of refund determined, the manufacturer shall be eligible to take credit of the balance amount; and (....