SECTION 5A OF THE CENTRAL EXCISE ACT, 1944 – POWER TO GRANT EXEMPTION FROM DUTY OF EXCISE – AMENDMENTS IN CERTAIN NOTIFICATIONS - REDUCTION OF GENERAL RATE OF EXCISE DUTY
NOTIFICATION NO. 4/2009 – CENTRAL EXCISE, DATED 24-2-2009
In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby directs that each of the notifications of the Government of India in the Ministry of Finance (Department of Revenue), specified in column (2) of the Table hereto annexed shall be amended or further amended, as the case may be, in the manner specified in the corresponding entry in column (3) of the said Table, namely :-
TABLE
S.No. |
Notification number and date |
Amendments |
(1) |
(2) |
(3) |
1. |
3/2006-Central Excise, dated the 1st March, 2006 |
In the said notification, in the Table, in column (4), for the entry "10%", wherever it occurs, the entry "8%" shall be substituted. |
2. |
4/2006-Central Excise, dated the 1st March, 2006 |
In the said notification, in the Table, in column (4), - (i) for the entry "40% or Rs.200 per tonne, whichever is higher", wherever it occurs, the entry "8% or Rs.230 per tonne, whichever is higher" shall be substituted; (ii) for the entry "10% of the value of such gold potassium cyanide excluding the value of gold used in the manufacture of such goods”, wherever it occurs, the entry "8% of the value of such gold potassium cyanide excluding the value of gold used in the manufacture of such goods" shall be substituted; (iii) for the entry "10% of the value of material, if any, added and the amount charged for such manufacture", wherever it occurs, the entry "8% of the value of material, if any, added and the amount charged for such manufacture" shall be substituted. |
3. |
5/2006-Central Excise, dated the 1st March, 2006 |
In the said notification, in the Table, in column (4), for the entry "10%", wherever it occurs, the entry "8%" shall be substituted. |
4. |
6/2006-Central Excise, dated the 1st March, 2006 |
In the said notification, in the Table, in column (4), - (i) for the entry " 10%", wherever it occurs, the entry "8%" shall be substituted; (ii) for the entry "10% + Rs.10,000 per chassis", wherever it occurs, the entry "8% + Rs.10,000 per chassis" shall be substituted. |
5. |
2/2008-Central Excise, dated the 1st March, 2008 |
In the said notification, in the Table, in column (3), - (i) for the entry "10%", wherever it occurs except, for the entry occurring against S. No. 14, 16 and 18, the entry "8%" shall be substituted; |
|
|
(ii) for the entry “10% + Rs. 10,000 per chassis, wherever it occurs, the entry “8% + Rs. 10,000 per chassis” shall be substituted. |
CA. Mahesh Agarwal
Published in Excise