Export - Rebate on materials used in manufacture of export product - Amendment to Notification No. 42/94-C.E. (N.T.) - 32/98 - Central Excise - Non Tariff

Export - Rebate on materials used in manufacture of export product - Amendment to Notification No. 42/94-C.E. (N.T.) Notification No. 32/98-C.E. (N.T.) Dated 24-8-1998 In exercise of the powers conferred by clause (b) of sub-rule (1) of rule 12 of the Central Excise Rules, 1944, the Central Government hereby makes the following further amendments in the notification of Government of India, in the Ministry of Finance (Department of Revenue) No. 42/94-Central Excise (N.T.), dated the 22nd September, 1994, namely :- (i)  in the proviso, in clause (iii), for the words "Provided that the manufacturer may procure materials from the open market", the words, figures and brackets "Provided that manufacturer may procure materials from the open market except the materials on which duty is paid under section 3A of the Central Excise Act, 1944 (1 of 1944)" shall be substituted; (ii) after Explanation II, the following shall be inserted, namely :- "Explanation III : For the purpose of this notification, `invoice price' means the price charged by the manufacturer of materials and indicated in the invoice accompanying the said materials, the payment for which is made directly by the manufacturer of the final products to the manufacturer of the said materials by cheque drawn on his own bank account or by bank draft or by bankers' cheque."; (iii) for the Table annexed to the said notification, the following Table shall be substituted, namely :- "TABLE S. No. Description Extent of rebate (1) (2) (3) 1. Materials (other than materials mentioned against serial numbers 2 and 3) used in the manufacture of export goods Whole 2. Non-alloy steel ingots and billets falling under sub-heading Nos. 7206.90 and 7207.90 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) and on which duty of excise has been paid under section 3A of the Central Excise Act, 1944 (1 of 1944). 12 per cent of the invoice price. 3. Non-alloy steel hot re-rolled products falling under sub-heading Nos. 7211.11, 7211.19, 7211.30, 7211.52, 7211.59, 7211.60, 7211.92, 7211.99, 7213.90, 7214.90, 7215.90, 7216.10 and 7216.90 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) and on which duty of excise has been paid under section 3A of the Central Excise Act, 1944 (1 of 1944) 12 per cent of the invoice price