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In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944), and in supersession of the Central Excise (Valuation) Rules, 1975 except as respect things done or omitted to the done before such supersession, the Central Government hereby makes the following rules
67. Manufacturer to keep account of Central Excise Stamps purchased and used.- (1) The manufacturer shall maintain an account of quantity and value of
F.No. 354/81/2000-TRU I am directed to say, that as you aware, section 4 of the Central Excise Act, as substituted by section 94 of the Finance Act, 2000( No. 10 of 20000), would come into force from the 1st day of July, 2000. For the sle of ready reference,
Circular No. 536/32/2000-CX It is directed to say that to give effect to the decision of the Government as announced by the Finance Minister in his Budget Speech (2000-2001) [Para 100] the Government has issued Notification No. 44/2000-Central Excise (N.T.) dated 30th June 2000 (to be effective from 1.7.2000), amending the Central Excise Rules, 1944 for dispensation of statutory records which were required to be maintained by manufacturer under the Central Excise Rules as per prescribed proforma.
Assessable value-Section 4A of CEA, 1944- aerated waters-abatement raised-Notification No 9/2000-CE (NT) amended
Circular No. 535/31/2000-CUS The Ministry is required to send its comments to the C&AG within six weeks. On receipt of the DAP’s from the C&AG they are immediately sent to the Jurisdictional Commissioners of Central Excise for furnishing their reply/comments within 4 weeks. This leaves the Ministry barely 14 days time to examine the comments of the Commissioner, take policy decision if required and send the comments to the C&AG. It has however been observed that the Commissioners are not assigning due importance/urgency to the DAPs.
NOTIFICATION No. 42/2000-Central Excise (N.T.), dated 5-6-2000 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 further to amend the Central Excise Rule, 1944 namely:-
Circular No. 534/30/2000-CX “Provided further that where the amount of duty which has not been levied or paid or has been short levied or short paid or erroneously refunded is one crore of rupees or less a notice under this sub-section shall be served by the Commissioner of Central Excise or with his approval by any officer subordinate to him: Provided also that where the amount of duty which has not been levied or paid or has been short levied or short paid or erroneously refunded is more than one crore or rupees,
The depreciation shall be allowed for the period from the date commencement of commercial production of the said unit or where such goods have been received after such commencement from the date such goods have come into use for commercial production to the date of payment of duty.
Circular No. 533/29/2000-CX Kindly find enclosed a copy of CEGAT final order No. 1222/99A dated 24.8.99 in case of M/s Escorts (JCB) Ltd. which has given a new dimension to the term “place of removal” used in Sec. 4 of Central Excise Act and point of time when the goods can be said to have been sold, which is in favour of revenue.
