These rules may be called the CENVAT Credit Rules, 2002.They extend to the whole of India. They shall come into force on the 1st day of March , 2002.
These rules may be called the Central Excise Rules, 2002. They extend to the whole of India. They shall come into force on the 1st day of March , 2002.
(i) in the case of goods which are re-exported within six months of the date of importation, so much of the duty of customs as is in excess of the amount calculated at the rate of fifteen per cent. of the aggregate of the duties of customs, which would be leviable under the said Customs Act, 1962 or under any other law for the time being in force, read with any notification for the time being in force in respect of the duty so chargeable
The principal notification No.25/99-Customs, dated the 28th February, 1999 was published vide number G.S.R.161(E), dated the 28th February,1999 and was last amended vide notification No.20/2001-Customs,dated the 1st March,2001, G.S.R. 119(E), dated the 1st March,2001.
In exercise of the powers conferred by sub-section(1) of section 25 of the Customs Act,1962(52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the goods specified in column(2) of the Table below, and falling under Chapters 82,84,85 or 90 of the First Schedule to the Customs Tariff Act,1975(51 of 1975), when imported into India for use in the manufacture of the finished goods specified in the corresponding column(3) of the said Table, from so much of that portion of the duty of customs leviable thereon which is specified in the said First Schedule, as is in excess of the amount calculated at the rate of 15% ad valorem.
The principal rules were published vide notification No. 36/96-Customs (N. T.), dated the 23rd July, 1996, [G.S.R. 305 (E), dated the 23rd July, 1996] and were last amended vide notification No. 33/98-Customs (N. T.) dated the 2nd June, 1998, G. S. R. 299 (E), dated the 2nd June, 1998.
The principal rules were published vide notification No.30/98-Customs (N.T) dated the 2nd June, 1998,[G.S.R. 296 (E), dated the 2nd June , 1998] and were last amended vide notification No. 50/2000-Customs (N.T), dated the 9th August, 2000, G.S.R. 658(E), dated the 9th August, 2000.
Notification 54/2001-Customs, dated the 11th May, 2001 was published in the Gazette of India, Extraordinary, vide G.S.R.353 (E), dated the 11th May, 2001.
In exercise of the powers conferred by sub-section (1) of section 3A of the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the said Act), and in supercession of the notification of the Government of India in the Ministry of Finance ( Department of Revenue), No.19/2001-Customs, dated the 1st March, 2001.
In the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 22/2002-Customs, dated the 1st March, 2002, published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (i), vide number G.S.R.119(E), dated the 1st March,2002,at pages 103 to 118.
