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In exercise of the powers conferred by sub-section (1) and sub-section (2) of section 4A of the Central Excise Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No 5/2001-Central Excise
Circular No. 586/23/2001-CX Attention is drawn to the ‘preface’ of the Manual, in which it is mentioned that the contents therein shall be treated as instructions of the Board in supersession of all instructions that existed prior to 1.9.2001 on identical issues. There are certain instructions in the Manual, which are in nature of ‘supplementary instructions’ under the provisions of rule 32 of the Central Excise (No.2) Rules, 2001 and they have to be given due cognizance
Circular No. 585/22/2001-CX.I I am directed to draw your attention to Ministry’s circular No. 4/88 (File No. 10/1/88-CX.I) dated 16.2.88 on the subject noted above and to say that the said circular predates amendment of chapter 21 by Finance Act, 1998 and as such is no longer relevant for subsequent period and is withdrawn.
Circular No.584/21/2001-CX The matter relating to cutting of HR/CR coils of larger width and running length in the form of coil into sheets of the same width but specific sizes was considered in Tariff Conference of Chief Commissioners held at Mumbai at 29.8.2000 and the general view was that the activity would not amount to manufacture. The matter has been further examined in the Board.
Circular No.583/20/2001-CX I am directed to invite reference to Board”s Circular No.308/24/97-CX dated 27.3.97 whereby it was clarified that the process of putting together the duty paid articles into a container like carton, kit etc., so that a new commercially distinct product viz, “Cable Jointing Kits” comes into existence would amount to manufacture and would be appropriately classifiable under heading 85.47 of Central Excise Tariff Act, 1985.
In pursuance of clause (g) of rule 2 of the Central Excise (No. 2) Rules, 2001, the Board hereby notifies the following form as the proper form for the purpose of sub-rule (2) of rule 17
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 amend the CENVAT Credit Rules, 2001
Notification No. 9/2001-Central Excise dated the 1st March, 2001 was published in the Gazette of India, Extraordinary vide G.S.R 134 (E) dated the 1st March, 2001 and was last amended by notification No. 23/2001-Central Excise dated the 30th April, 2001 [G.S.R 312 (E) dated the 30th April, 2001.
Provided that in the case of a unit having an original value of investment in plant and machinery installed in the factory below rupees twenty crore on the date of commencement of commercial production in that unit, the exemption contained herein shall apply only for the first clearances upto an aggregate value not exceeding twice the value of such investment from the date of commencement of commercial production, in each year
For the removal of doubt, it is hereby clarified that “original value of investment in plant and machinery installed in the factory”, shall be the original value as determined in accordance with the Accounting Standards issued by the Institute of Chartered Accountants of India on Accounting for Fixed Assets.
