9911796707
TMI BlogAmendment in Notifications regarding - Factory, Manufacture or warehouse situated in other parts of IndiaX X X X Extracts X X X X X X X X Extracts X X X X ..... 994 In the said notification,- (1) in paragraph 1,- (a) in clause (b) for the words "for export out of India; or the words- "for export out of India; or for export of services out of India; or shall be substituted. (b) in condition (5) for the words "storage and utilization of such goods;", the following shall be substituted, namely:- "Storage and utilization of such goods, to fulfil the export obligations and comply with the conditions stipulated in this notification, and the Export and Import Policy and binding itself to pay on demand an amount equal to the duty leviable on the goods and interest at 20% per annum on the said duty from the date of duty free procurement of the said goods till the date of payment of such duty, if- (i) in the case of capital goods, such goods are not proved to the satisfaction of the Assistant Commissioner of Customs or Central Excise to have been installed or otherwise used within the zone within a period of one year from the date of procurement thereof or within such extended period not exceeding five years as the Assistant Commissioner of Customs or Central Excise may, on being satisfied that there is sufficient cause for not u ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nerated during such process at the jobworker's premises is either returned to the unit or is cleared on payment of duty on the said waste or scrap or remnants as if cleared by the said unit;" (d) in the paragraph 5, for the words "on payment of appropriate duty of excise or where such articles are cleared to the warehouse appointed or registered under notification of the Government of India in the Ministry of Finance, Department of Revenue, number 26/98-Central Excise (NT), dated the 15th July, 1998 or cleared to the licence holders referred to in clause (e) of paragraph 9.10 of the Export and Import Policy, without payment of duty" shall be substituted; (e) in Annexure I, (i) against serial number 3, in the column "Description of Goods", the words "and their spares, fuel, lubricants and other consumables for such plants and sets" shall be omitted; (ii) after serial number 3 and entries relating thereto, the following shall be inserted, namely:- "3A Spares, fuel, lubricants and other consumables for goods specified at serial number 3 above as approved by the Assistant Commissioner of Customs or Central Excise." 2. 136/94-CE, dt. the 10th Nov., 1994 In ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bove, allow; (iv) in the case of raw materials, components, spares and consumables (other than capital goods) procured duty free, the undertaking fails to achieve Net Foreign Exchange Earning as a Percentage of Exports (NFEP) and Export Performance (EP) as specified in Appendix-1 of the Export and Import Policy, within one year of procurement of such goods or within such extended period not exceeding one year as the Assistant Commissioner of Customs or Central Excise may, on being satisfied that there is sufficient cause, allow: Provided that the Commissioner of Customs or Central Excise may extend the period for achievement of Net Foreign Exchange as a Percentage of Exports (NFEP) or Export Performance (EP) for further period, not exceeding five years, from the date of procurement." (b) in Annexure II, after item 7, the following item shall be inserted, namely:- "(8) processed vegetables and fruits, meat, and edible meat offal falling within various Chapters of the Central Excise Tariff" 3. 1/95-CE, dt. the 4th Jan., 1995. In the said notification,- (a) in paragraph 1,- in condition (d), for the words "storage and utilization of such goods and to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ommissioner of Customs or Central Excise may, on being satisfied that there is sufficient cause, allow: Provided that the Commissioner of Customs or Central Excise may extend the period for achievement of Net Foreign Exchange as a Percentage of Exports (NFEP) or Export Performance (EP) for further period, not exceeding five years, from the date of procurement." (b) in the paragraph 2, to clause (a), the following shall be added at the entry, namely:- "or to be removed without payment of duty under bond for export from jobworker's premises:Provided the waste or scrap or remnants generated during such processes at the jobworker's premises is either returned to the unit or is cleared on payment of duty as if the said waste or scrap or remnants have been cleared by the said unit;" (c) in paragraph 5, for the words "on payment of appropriate duty of excise", the following shall be substituted, namely:- on payment of appropriate duty of excise or where such goods are cleared to the Warehouse appointed or registered under notification of the Government of India in the Ministry of Finance, Department of Revenue, number 26/98-Central Excise (NT), dated the 15th July, 1998 or clear ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Assistant Commissioner of Customs or Central Excise to fulfil the export obligations and comply with the conditions stipulated in this notification and the Export and Import Policy, 1st April, 1997 - 31st March, 2002, published by the Government of India under the Ministry of Commerce notification No. 1/1997-2002, dated 31st March, 1997 as amended from time to time, (hereinafter referred to as the Export and Import Policy) and binding itself to pay on demand an amount equal to duty leviable on the goods and interest at the rate of 20% per annum on the said duty from the date of duty free procurement of the said goods till the payment of such duty; (i) in the case of on goods which are capital goods, such goods are not proved to the satisfaction of the Assistant Commissioner of Customs or Central Excise to have been installed or otherwise used within the unit within a period of one year from the date of procurement thereof or within such extended period not exceeding five years as the Assistant Commissioner of Customs or Central Excise may, on being satisfied that there is sufficient cause for not using them as above within the said period, allow; (ii) in the case of goods o ..... 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