Central Excise Rules - Amendment to Fourth Amendment of 1998

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.... of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following rules further to amend the Central Excise (Fourth Amendment) Rules, 1998, namely :- 1. (1) These rules may be called the Central Excise [Fourth Amendment (Amendment)] Rules, 1998. (2) They shall come into force on the first day of May, 1998. 2. In the Central....

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....amount : Provided that if the manufacturer fails to pay the total amount of duty payable under clause (a) by the 30th day of April, 1998, he shall also be liable to pay a penalty equal to the outstanding amount of duty as on 30th day of April, 1998 or five thousand rupees, whichever is greater." '; (ii) in rule 2(i)(C), the following proviso shall be added at the end, namely :- "Provided ....

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....mount of duty (that is the amount of duty which has not been paid by the 31st day of March, 1998) alongwith interest at the rate of eighteen per cent per annum on such outstanding amount calculated for the period from the 1st day of April, 1998 till the date of actual payment of the outstanding amount : Provided that if the manufacturer fails to pay the total amount of duty payable under clause....