J&K Excise Exemption Sunset for New Units in Two Months
· Notification
for 31 March 2016 as Last Date for Commencement of Production Released
[Central Excise Notification No. 03
dated 22nd January 2016]
Seeks to amend Notifications
No.56/2002-CE & No.57/2002-CE both dated 14.11.2002 so as to insert a
sunset clause of 31.03.2016 and to deny the benefit of the exemption to goods
on which certain specified processes have been undertaken
In exercise of the powers conferred by sub-section (1)
of section 5A of the Central Excise Act, 1944 (1 of 1944), read with
sub-section (3) of section 3 of the Additional Duties of Excise (Goods of
Special Importance) Act, 1957 (58 of 1957) and sub-section (3) of section 3 of
the Additional Duties of Excise (Textiles and Textile Articles) Act, 1978, (40
of 1978), the Central Government, being satisfied that it is necessary in the
public interest so to do, hereby makes the following further amendments in the
notifications of the Government of India in the Ministry of Finance (Department
of Revenue) specified in column (2) of the Table below, in the manner and to
the extent specified in the corresponding entry in column (3) of the said
Table, namely:-
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Table |
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S.No. |
Notification No. and date |
Amendments |
|
(1) |
(2) |
(3) |
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1. |
56/2002-Central Excise, dated the 14th November,
2002 [G.S.R. 764(E), dated 14th November, 2002]. |
In the said notification,- (a) in paragraph 3, (i) in clause (a), after
the figures, letters and words, "14th day of June, 2002", the
words, figures and letters "but not later than the 31st day of March,
2016" shall be inserted; (ii) in sub- clause (i) of
clause (b), after the figures, letters and words, "14th day of June,
2002", the words, figures and letters, "but not later than the 31st
day of March, 2016" shall be inserted; (iii) in sub- clause (ii) of clause (b), after the
figures, letters and words, "14th day of June, 2002", the words,
figures and letters, "but not later than the 31st day of March,
2016" shall be inserted; (b) after paragraph (4), the following paragraph
shall be inserted, namely:- "5. The exemption contained in this notification
shall not apply to such goods which have been subjected to only one or more
of the following processes, namely, preservation during storage, cleaning
operations, packing or repacking of such goods in a unit container or labeling or re-labelling of containers, sorting,
declaration or alteration of retail sale price and have not been subjected to
any other process or processes amounting to manufacture in the State of Jammu
and Kashmir.". |
|
2. |
57/2002-Central Excise, dated the 14th November,
2002 [G.S.R. 765(E), dated 14th November, 2002]. |
In the said notification,- (a) in paragraph 3,- (i) in clause (a), after
the figures, letters and words, "14th day of June, 2002", the
words, figures and letters "but not later than the 31st day of March, 2016"
shall be inserted; (ii) in sub-clause (i) of
clause (b), after the figures, letters and words, "14th day of June,
2002", the words, figures and letters, "but not later than the 31st
day of March, 2016" shall be inserted; (iii) in sub-clause (ii) of clause (b), after the
figures, letters and words, "14th day of June, 2002", the words,
figures and letters, "but not later than the 31st day of March,
2016" shall be inserted and (b) after paragraph (4), the following paragraph
shall be inserted, namely:- "5. The exemption contained in this
notification shall not apply to such goods which have been subjected to only
one or more of the following processes, namely, preservation during storage,
cleaning operations, packing or repacking of such goods in a unit container
or labeling or re-labelling of containers, sorting,
declaration or alteration of retail sale price and have not been subjected to
any other process or processes amounting to manufacture in the State of Jammu
and Kashmir.". |
[F.No.
332/09/2013-TRU]