Customs (Import of goods at concessional rate of duty for manufacture of excisable goods) Rules, 1996 - Amendment - 43/96 - Customs - Non Tariff

Customs (Import of goods at concessional rate of duty for manufacture of excisable goods) Rules, 1996 - Amendment Notification No. 43/96-Cus. (N.T.) Dated 30-8-1996 In exercise of the powers conferred by section 156 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 36/96-Customs (N.T.), dated the 23rd July, 1996, namely :- In the said notification, - (I) after sub-rule (1) of rule 2, the following sub-rule shall be inserted, namely :- "(1A) These rules shall apply only in respect of such exemption notification which prescribes for the observance of these rules."; (II) in sub-rule (3) of rule 4, for the words "a bond with surety or security to his satisfaction" the words "a bond to his satisfaction", shall be substituted; (III) for rule 7, the following rule shall be substituted, namely :- "7. Manufacturer to give information regarding receipt of the imported goods and maintain records. - The manufacturer, obtaining benefit in these rules, shall, - (a) give information of the receipt of the imported goods in his factory, within two days (excluding holidays, if any) of such receipt, to the Superintendent of Central Excise having jurisdiction over his factory; and (b) maintain a simple account indicating the quantity and value of goods imported, the quantity of imported goods consumed for the intended purpose, and the quantity remaining in stock, bill of entry wise and shall produce the said account as and when required by the Assistant Commissioner of Central Excise.".