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In exercise of the powers conferred by sub-section (1) and sub- section (2) of section 4A of Central Excise Act 1944 (1 of 1944), the Central Government, on 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. 2/2005-Central Excise (N.T.), dated the 7th January, 2005, which was published in the Gazette of India Extraordinary, vide G.S.R. 10 (E), dated the 7th January, 2005, namely.
this notification will not apply in relation to any income being profits and gains of business, unless the business is incidental to the attainment of the objectives of the Institution and separate books of account are maintained in respect of such business.
The report of such audit in the prescribed form duly signed and verified by such accountant and setting forth such particulars as may be prescribed.
Attention is invited to notification no. 26/2006-CE(NT), dated 28.12.06, wherein the erstwhile rule 16C of the Central Excise Rules, 2002 has been substituted with a new rule. The erstwhile rule has been redrafted with certain modifications. In the new rule, it has also been provided that a manufacturer can send excisable goods to a job worker for carrying certain processes not amounting to manufacture also
whereas on the basis of the aforesaid mid-term review findings of the designated authority, the Central Government has imposed anti-dumping duty on import of NBR, originating in, or exported from the subject countries, vide notification No. 78/2005-Customs, dated the 1st September, 2005 [G.S.R. 554(E), dated the 1st September, 2005], published in part II, section 3, sub-section (i) of the Gazette of India, Extraordinary, dated the 1st September, 2005.
