This notification seeks to amend the Central Excise Rules, 1944 so as to make changes in the CENVAT Rules

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....amendment, namely:- 1. (1) These rules may be called the Central Excise (Third Amendment) Rules, 2001. (2) They shall come into force on the 1^st day of March, 2001. 2. In the Central Excise Rules, 1944 (hereinafter referred to as the said rules), in rule 52A , in sub-rule (2), for the word "quadriplicate", the word "triplicate" shall be substituted. 3. In the said rules, in rule 57AA,- (a) in clause (a), after sub-clause (vi), following shall be inserted, namely:- "(vii) storage tank,"; (b) in clause (d), the "Explanation"shall be numbered as "Explanation 1" and after "Explanation 1" as so numbered, the following shall be inserted, namely:- "Explanation 2.- Inputs include goods used in the manufacture of capital goo....

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....acture of intermediate products, by a job-worker availing the benefit of exemption specified in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 214/86- Central Excise, dated the 25^th March, 1986, published in the Gazette of India vide number GSR 547(E), dated the 25^th March, 1986, and received by the manufacturer for use in or in relation to the manufacture of final products, on or after the first day of March, 2001. Explanation.- For removal of doubts it is clarified that the manufacturer of the final products shall be allowed CENVAT credit of additional duty leviable under section 3 of the Customs Tariff Act, 1975 on goods falling under heading No. 98.01 of the First Schedule to the ....

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....cable to such goods on the date of such removal and on the value determined for such goods under section 4 of the said Central Excise Act, and such removal shall be made under the cover of an invoice referred to in rule 52A. (1D) The amount paid under sub-rule (1C) shall be eligible as credit as if it was a duty paid by the person who removed such goods under sub-rule (1C). (B) in sub-rule (2), after clause (d) and before the Explanation, the following shall be inserted, namely:- "(e) credit in respect of- (i) the National Calamity Contingent duty leviable under clause 129 of the Finance Bill, 2001; and (ii) the additional duty under section 3 of the Customs Tariff Act, 1975, equivalent to the duty of excise specified under c....