Seeks to amend Notification No. 32/2016-Cus (N.T.) dated 01.03.2016 [Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 2016] so as to notify 16.03.2016 as the date from which the said rules will be effective. Further the requirement of submission of security for availing the benefit under the said notification is being done away with.
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification No. 39/2016-Customs (N.T.)
New Delhi, the 15th March, 2016
G.S.R. (E).- In exercise of the powers conferred by section 156 of the Customs Act, 1962 (52 of 1962), the Central Government hereby makes the following rules to amend the Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 2016 , namely:-
1. Short title and commencement. – (1) These rules may be called the Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) (Amendment) Rules, 2016.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 2016 (hereinafter referred to as the said rules) in rule 1, for sub-rule (2), the following sub-rule shall be substituted, namely:-
(2) They shall come into force on the 16th day of March, 2016.
3. In the said rules, in rule 5, in sub-rule (2), the words or security shall be omitted.
4. In the said rules, after rule 8, the following rule shall be inserted, namely:-
9. References in any rule, notification, circular, instruction, standing order, trade notice or other order to the Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 1996 and any provision thereof shall, be construed as references to the Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 2016 and any corresponding provision thereof.
[F. No. B-1/2/2016-TRU]
(Anurag Sehgal)
Under Secretary to the Government of India
Note:- The principal notification No. 32/2016-Customs (N.T), dated the 1st March, 2016 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 220(E), dated the 1st March, 2016.
