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 - 028/2001 - 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

11th June, 2001

Notification No. 28/2001-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 further 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, in paragraph 2,-

(i) in sub-paragraph (i), in item (b), for the figures and words "40 per cent. of the aggregate", the figures and words "45 per cent. of the aggregate" shall be substituted; and

(ii) in sub-paragraph (ii), in item (b), for the figures and words "45 per cent. of the aggregate", the figures and words "50 per cent. of the aggregate" shall be substituted.

G.D.Lohani

Under Secretary to the Government of India

F.No. 357/5/2001-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] and was last amended by notification No. 17/2001-Central Excise (N.T.), dated the 30th April, 2001 [G.S.R. No. 315(E), dated the 30th April, 2001].