Modvat - Amendment to Notification No. 177/86-C.E. - 07/91 - Central Excise - Non Tariff

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

Notification No. 7/91-C.E. (N.T.)

Dated 5-3-1991

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, in clause (iib), the word "and" occurring at the end shall be omitted and after clause (iib), the following clause shall be inserted, namely :-

"(iic) the special duty of excise under sub-clause (1) of clause 4 of the Finance Bill, 1991, 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; and"; and

(b) in clause (2) of the first proviso, for the words, brackets and figures "the special duty of excise leviable under sub-section (1) of section 67 of the Finance Act, 1990 (12 of 1990)", the words, brackets and figures "the special duty of excise leviable under sub-clause (1) of clause 4 of the Finance Bill, 1991, 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" shall be substituted.