Section 45 - Amendment of section 3 - Finance Act, 1984

45. Amendment of section 3 In section 3 of the Central Excises Act, in sub-section (1), in the proviso,- (a) for the words excisable goods which are produced or manufactured in a free trade zone and brought to any other place in India shall be an amount equal to , the following shall be substituted, namely:- excisable goods which are produced or manufactured,- (i) in a free trade zone and brought to any other place in India; or (ii) by a hundred per cent, export-oriented undertaking and allowed to be sold in India, shall be an amount equal to ; (b) for Explanation 2, the following Explanation shall be substituted, namely:- 'Explanation 2.-In this proviso.- (i) free trade zone means the Kandla Free Trade Zone and the Santa Cruz Electronic Export Processing Zone and includes any other free trade zone which the Central Government may, by notification in the Official Gazette, specify in this behalf; (ii) hundred per cent. export-oriented undertaking means an undertaking which has been approved as a hundred per cent. export-oriented undertaking by the Board appointed in this behalf by the Central Government to exercise of the powers conferred by section 14 of the Industries (Development and Regulation) Act, 1951 (65 of 1951), and the rules made under that Act. .