Modvat - Amendment to Notification No. 177/86-C.E. - 18/92 - Central Excise - Non Tariff

Modvat - Amendment to Notification No. 177/86-C.E.

Notification No. 18/92-C.E. (N.T.)

Dated 14-5-1992

In exercise of the powers conferred by rule 57A of the Central Excise Rules, 1944, the Central Government hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue) No. 177/86-Central Excises, dated the 1st March, 1986, namely :-

In the said notification, -

(a) in the opening paragraph, for clause (ii)(d), the following clause shall be substituted, namely, -

"(ii) (d) the special duty of excise under sub-section (1) of section 115 of the Finance Act, 1992 (18 of 1992); and";

(b) in clause (2) of the first proviso, for the words, brackets and figures "the special duty of excise leviable under sub-clause (1) of clause 118 of the Finance Bill, 1992 which clause has by virtue of the declaration made in the said Bill under the Provisional Collection of Taxes Act, 1931 (16 of 1931), the force of law", the words, brackets and figures "the special duty of excise leviable under sub-section (1) of section 115 of the Finance Act, 1992 (18 of 1992)," shall be substituted; and

(c) in the third proviso, after the figures, brackets and word "1991 (18 of 1991),", the words, figures, and brackets "or under the Finance Act, 1992 (18 of 1992)" shall be inserted.