3rd Amendment to Excise Rules - 91/86 - Central Excise - Tariff

3rd Amendment to Excise Rules

Notification No. 91/86-C.E.

Dated 10-2-1986

In exercise of the powers conferred by section 37 of the Central Excises and Salt Act, 1944 (1 of 1944), the Central Government hereby makes the following rules further to amend the Central Excise Rules, 1944, namely :-

1. (1) These rules may be called the Central Excise (3rd Amendment) Rules, 1986.

(2) They shall come into force on the date of commencement of the Central Excise Tariff Act, 1985 (5 of 1986).

2. In the Central Excise Rules, 1944, in rule 56A, after sub-rule (7) the following sub-rule shall be inserted, namely :-

"(8) Notwithstanding anything contained elsewhere in this rule or any change in the nomenclature or classification of any goods consequent to the commencement of the Central Excise Tariff Act, 1985 (5 of 1986), the credit of duty paid on any material, component parts, or finished product shall be allowed if the credit of duty was allowable in respect of such material, component parts or finished product under this rule or under a notification issued under rule 8 of these rules requiring the procedure set out in Schedule to be followed, immediately before the commencement of the Central Excise Tariff Act, 1985 (5 of 1986)."