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TMI BlogThis notification seeks to amend the Central Excise Rules, 1944 so as to make changes in the CENVAT RulesX X X X Extracts X X X X X X X X Extracts X X X X ..... d the Central Excise (Third Amendment) Rules, 2001. (2) They shall come into force on the 1 st day of March, 2001. 2. In the Central Excise Rules, 1944 (hereinafter referred to as the said rules), in rule 52A , in sub-rule (2), for the word "quadriplicate", the word "triplicate" shall be substituted. 3. In the said rules, in rule 57AA,- (a) in clause (a), after sub-clause (vi), following shall be inserted, namely:- "(vii) storage tank,"; (b) in clause (d), the "Explanation"shall be numbered as " Explanation 1" and after " Explanation 1" as so numbered, the following shall be inserted, namely:- "Explanation 2.- Inputs include goods used in the manufacture of capital goods which are further used in the factory of the manufac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the benefit of exemption specified in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 214/86- Central Excise, dated the 25 th March, 1986, published in the Gazette of India vide number GSR 547(E), dated the 25 th March, 1986, and received by the manufacturer for use in or in relation to the manufacture of final products, on or after the first day of March, 2001. Explanation. - For removal of doubts it is clarified that the manufacturer of the final products shall be allowed CENVAT credit of additional duty leviable under section 3 of the Customs Tariff Act, 1975 on goods falling under heading No. 98.01 of the First Schedule to the said Customs Tariff Act. (1A) Notwithstanding anythi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... value determined for such goods under section 4 of the said Central Excise Act, and such removal shall be made under the cover of an invoice referred to in rule 52A. (1D) The amount paid under sub-rule (1C) shall be eligible as credit as if it was a duty paid by the person who removed such goods under sub-rule (1C). (B) in sub-rule (2), after clause (d) and before the Explanation , the following shall be inserted, namely:- "(e) credit in respect of- (i) the National Calamity Contingent duty leviable under clause 129 of the Finance Bill, 2001; and (ii) the additional duty under section 3 of the Customs Tariff Act, 1975, equivalent to the duty of excise specified under clause (i) above shall be utilized only towards payment of N ..... X X X X Extracts X X X X X X X X Extracts X X X X
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