Amendment to Notification No. 150/81-C.E. - Export of goods to Nepal or Bhutan - 12/94 - Central Excise - Non Tariff

Amendment to Notification No. 150/81-C.E. - Export of goods to Nepal or Bhutan

Notification No. 12/94-C.E. (N.T.)

Dated 1-3-1994

In exercise of the powers conferred by sub-rule (2) of rule 13 of the Central Excise Rules, 1944, the Central Government, being satisfied that it is necessary 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. 150/81-Central Excises, dated the 29th July, 1981, namely :-

In the said notification, in condition (2), for the words "before the export takes place," the following shall be substituted, namely :-

"before the export takes place :

Provided that nothing contained in this condition shall apply if excisable goods under bond are exported to Nepal or Bhutan for supplies to projects financed by any United Nations Agency of the International Bank for Reconstruction and Development or the International Development Association or the Asian Development Bank or any other multilateral agency of the like nature and for which payment is received in freely covertible currency;".