I am directed to refer to Circular No. 704/20/2003-CX dated 31.3.2003 on the subject mentioned above. The circular has been set aside by the Hon’ble High Court of Karnataka in the case of M/s Grasim Industries Ltd. [2004 (163) ELT 10 (Kar.)].
In exercise of the powers conferred by clauses (i) and (ii) of section 133 of the Finance Act, 2002 (20 of 2002), the Central Government hereby further amends the notification of the Government of India in the Ministry of Finance
The principal notification No. 59/2003-CENTRAL EXCISE, dated the 22nd July, 2003, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide G.S.R 576 (E), dated the 22nd July, 2003 and was last amended by notification No. 19/2004-CENTRAL EXCISE, dated the 31st March , 2004 [G.S.R. 247 (E), dated the 31st March, 2004.
