Seeks to further amend the notification No. 4/2002-CE (N.T.), dated 1st March, 2002 so as to make provision for interest on refund, subject to sub-rule (6), arising out of an order of final assessment under sub-rule (3) of rule 7 of the Central Excise Rules, 2002.
Notification No. 2 / 2013-Central Excise (N.T.)
New Delhi, dated 1st March, 2013
G.S.R. (E). – In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944), the Central Government hereby makes the following rules to further amend the Central Excise Rules, 2002, namely:-Online GST Certification Course by TaxGuru & MSME- Click here to Join
1. (1) These rules may be called the Central Excise (Amendment) Rules, 2013.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Central Excise Rules, 2002, in rule 7, for sub-rule (5), the following sub-rule shall be substituted, namely:-
“(5) Where the assessee is entitled to a refund consequent to an order of final assessment under sub-rule (3), then, subject to sub-rule (6), there shall be paid an interest on such refund as provided under section 11BB of the Act.”
Under Secretary to the Government of India
Note. – The principle rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), dated the 1st March, 2002, vide notification No. 4/2002-Central Excise (N.T.), dated the 1st March, 2002, [GSR 143(E), dated the 1st March, 2002] and last amended vide notification No.23/2012 –Central Excise (N.T) dated the 18th April, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide G.S.R.303 (E), dated the 18th April, 2012. .