21st June, 2002
Notification No. 34/2002 - Central Excise
WHEREAS the Central Government 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 111 of the Finance Act, 1998 (21 of 1998), sub-section (3) of section 133 of the Finance Act, 1999 (27 of 1999), and sub-section (3) of section 147 of the Finance Act, 2002 (20 of 2002), has issued notification No. 29/2002-Central Excise, dated the 13th May, 2002 [G.S.R. 362(E), dated the 13th May, 2002] published in the Gazette of India, Part II, Section 3, Sub-section (i), dated MAY 13, 2002;
AND WHEREAS the Central Government considers it necessary and expedient so to do for the purpose of clarifying the scope and applicability of the said notification to insert an explanation in that notification;
NOW, THEREFORE, in exercise of the powers conferred by sub-section (2A) of section 5A of the said Central Excise Act, the Central Government hereby makes the following amendment in the said notification, namely:-
In the said notification, after Table annexed thereto, the following Explanation shall be inserted, namely:-
(1) For the removal of doubts, it is hereby declared that the exemption under this notification shall also be available on the said goods if such goods are removed under bond, without payment of the duties of excise specified in column (2) of the said Table, from any of the refineries specified against clauses (a) to (d), to a warehouse and subsequently removed from the said warehouse on payment of fifty percent. of such duties .
(2) This Explanation shall have effect as if it had always been the part of this notification.".
Under Secretary to the Government of India
Note:- The principal notification was published in the Gazette of India, Extraordinary, vide notification No. 29/2002-Central Excise, dated the 13th May,2002 [G.S.R. 362(E), dated the 13th May,2002]
We feel pride in offering our customers the wide range of products of the top leading brands of the world.