Bonded Premises for Warehousing in EOU Amended to Delete “Bonding”
[Excise Notification No. 31 dated 24th
August 2016]
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 subsection (3) of section 3 of
Additional Duties of Excise (Textile 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
notification of the Government of India in the Ministry of Finance (Department
of Revenue) No. 22/2003- Central Excise dated the 31st March, 2003, published
in the Gazette of India, Extraordinary, Part II, Section 3, sub-section (i),
vide number G.S.R.265(E) dated the 31st March, 2003, hereinafter referred to as
the said notification, namely: -
2. In
the said notification, -
(i) in
the opening paragraph, in condition (7), in clause (iv) for the words “bonded
premises” the words “premises of the unit” shall be substituted;
(ii) in
paragraph (2a), the words “and following the rewarehousing procedure” shall be
omitted;
(iii) in
paragraph (2b), the words “and following the rewarehousing procedure” and “and
by following the rewarehousing procedure” shall be omitted;
(iv) in
paragraph 4, for the words “bonded premises” the words “premises of the unit”
shall be substituted;
(v) in
paragraph 5, for condition (vii), the following condition shall be substituted,
namely: -
“(vii) the unit shall be required to
have a premises for secure storage of goods procured duty free under this
notification and the final products manufactured or produced therefrom and the
details of the premises shall be declared to the said officer.”;
(vi) in
paragraph 8, the words “or to debond”, “or debonding”, “debonding or” and “,
as the case may be” wherever they occur
shall be omitted.
[F. No. 484/03/2015(Pt. II) – LC]