Amendment to Notification No. 7/2001-CE(NT), dated 1-3-2001 issued in respect of deemed credit in respect of independent textile processors and composite mills. - 017/2001 - Central Excise - Non Tariff

Amendment to Notification No. 7/2001-CE(NT), dated 1-3-2001 issued in respect of deemed credit in respect of independent textile processors and composite mills.

30th April, 2001

Notification No. 17/2001-Central Excise (N.T.)

In exercise of the powers conferred by rule 57AK of the Central Excise Rules, 1944, 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. 7/2001-Central Excise (N.T.), dated the 1st March, 2001, namely:-

In the said notification, after paragraph 4, the following paragraph shall be inserted, namely:-

"4A. The provisions of this notification shall not apply to a manufacturer who avails of the special procedure prescribed under rule 96ZNA and pays the specified sum of duty in accordance with a notification issued under rule 96 ZNC of the Central Excise Rules, 1944."

2. This notification shall come into force on the 1st day of May, 2001.

(G.D.Lohani)

Under Secretary to the Government of India

F.No. B-4/6/2001-TRU

Note.- The principal notification was published in the Gazette of India, Extraordinary, vide notification No. 7/2001-Central Excise (N.T.), dated the 1st March, 2001 [G.S.R. 141 (E), dated the 1st March, 2001].