58/2001-C.E. (N.T.) dated 31-07-2001

31st July, 2001

Notification No. 58 /2001-Central Excise ( N. T.)

        In exercise of the powers conferred by section 37 of the Central Excise Act,1944 (1 of 1944), the Central Government hereby makes the following rules to amend the CENVAT Credit Rules, 2001, namely:-

1. (1) These rules may be called the CENVAT Credit Amendment Rules, 2001.

    (2) They shall come into force on the date of their publication in the Official Gazette.

2. In the CENVAT Credit Rules, 2001, for rule 10, the following rule shall be substituted, namely:-

"10. Special dispensation in respect of inputs manufactured in factories located in specified areas of North East region and Kutch district of Gujarat.- Notwithstanding anything contained in these rules, where a manufacturer has cleared any inputs or capital goods, in terms of notifications of the Government of India in the Ministry of Finance (Department of Revenue) No. 32/99- Central Excise, dated the 8th July, 1999, No. 33/99- Central Excise, dated the 8th July, 1999, or No. 39/2001-Central Excise, dated the 31st July, 2001, the CENVAT credit on such inputs or capital goods shall be admissible as if no portion of the duty paid on such inputs or capital goods was exempted under any of the said notifications.".

T. R. Rustagi
Joint Secretary to Government of India

F. No.356/2/2001-TRU

Note: The principal rules were published in the Gazette of India vide notification No. 31/2001, dated the 21st June, 2001 vide number GSR 445 (E), dated the 21st June, 2001.

Seair Exim offers an Import-Export data demo.

We do not mediate buying, selling of products or services.

Seair is proud to have a loyal customer base from big brands.

We have successfully served many reputable clients for Import-Export Data Information Services. Here are some of our clients:

Get a free Import-Export data demonstrative report on desired products.

We don’t offer any assistance over buying or selling any products.

Thank You

Big thanks to showing your interest in SEAIR Exim Solutions. We’ve currently received your request for data information. We will return on the same query in a short span of time.

Copyright © 2009 - 2024 www.seair.co.in. All Rights Reserved.