Exemption to Gold Jewellery under SSI from Rule 9 of CE Rules 2002

[Central Excise Notification No. 40 (Non Tariff) dated 26^th July 2016]

In exercise of the powers conferred by sub-rule (2) of rule 9 of the Central Excise Rules, 2002, the Central Board of Excise and Customs, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification number 36/2001-Central Excise (N.T.), dated the 26th June, 2001, in the Ministry of Finance, Department of Revenue, 2001, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number GSR 465 (E), dated the 26th June, 2001, namely,-

In the said notification, in the paragraph (3), for Explanation, the following shall be substituted, namely:-

“Explanation. - For the purpose of this notification, the expression “specified limit” shall mean,-

(a) in respect of goods falling under heading 7113 of the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), full exemption limit;

(b) for goods, other than (a) above, full exemption limit minus sixty lakh rupees.”.

[F. No. 354/25/2016 –TRU (Pt.-I)]