[TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, (EXTRAORDINARY)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
NOTIFICATION No. 16/2017-Central Excise
New Delhi, the 30th, June, 2017
G.S.R. ___ (E).– In exercise of the powers conferred by sub-section (1) of section 5A of the 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. 23/2003-Central Excise, dated the 31st March, 2003, published in the Gazette of India Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R 266 (E), dated the 31st March, 2003, namely :-
2. In the said notification, –
(a) in the opening paragraph, for the words, digits and brackets “Chapter, heading No. or sub-heading No. of the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) (hereinafter referred to as the Central Excise Tariff Act)”, the words and digits “Chapter No. of the Fourth Schedule of the Central Excise Act, 1944” shall be substituted;
(b) in the TABLE, –
(i) Sr.No’s 3A and 5 to 21 and the entries relating thereto shall be omitted;
(ii) in Sr.No. 4, in Column (3), the words, figures and letters “,other than those referred to in Sr. Nos 5, 5A, 6, 7 and 7A of this Table” shall be omitted;
(c) after the TABLE, in the ANNEXURE, the conditions at Sr. Nos 3A and 5 to 10 and the entries relating thereto shall be omitted.
3. This notification shall come into force with effect from the 1st July, 2017.
[F.No. DGEP/SEZ/09/2017]
(Dharmvir Sharma)
Under Secretary to the Government of India
Note. – The principal notification No. 23/2003-Central Excise, dated the 31st March, 2003 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide G.S.R 266 (E), dated the 31st March, 2003 and last amended by notification No. 28/2015-Central Excise dated the 15th May, 2015 published vide G.S.R. 388 (E), dated the 15th May, 2015.
We are an EOU unit and we are reversing 10%+1% Customs duty for DTA sales as per the DGFT trade notice No.11/2017. mentioned that whole duty will be reversed for DTA sales. Pls. let us have advise the reversal is only on raw-material cost or on total sales value?