In the Central Excise Valuation (Determination of Price of Excisable Goods) Rules, 2000 (hereinafter referred to as the said rules), in rule 6, before Explanation I , the following proviso shall be inserted , namely :-
If the assessee fails to pay the duty declared as payable by him in the return within a period of one month from the due date, then the assessee is liable to pay the penalty at the rate of one per cent. on such amount of the duty not paid, for each month or part thereof calculated from the due date, for the period during which such failure continues .
(a) private limited company shall have the same meaning as is assigned to private company in clause (68) of section 2 of the Companies Act, 2013 (18 of 2013);
G.S.R. (E). – In exercise of the powers conferred by section 83 of the Finance Act, 2010 (14 of 2010) read with section 5A 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 rescinds the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.3/2010-Clean Energy Cess,
Notification No. 19/2014-Central Excise Dated – 11th July, 2014- Amendment in Notification No.67/95-Central Excise, dated the 16th March, 1995 – Exemption to all capital goods and specified inputs if captively consumed within the factory of production
In the said notification, in the TABLE, after serial number 1 and entries relating thereto, the following serial numbers and the entries shall be inserted, namely:-
The rate of duty per packing machine per month for a chewing tobacco (other than filter khaini) pouch not containing lime tube and having retail sale price of ₹ 55.00 (i.e. „P‟) shall be = ₹ 388.15 + 7.76*(55-50) lakhs = ₹ 426.95 lakhs.
The rate of duty per packing machine per month for a pan masala pouch having retail sale price of ₹ 8.00 (i.e. P) shall be= ₹ 89.40 + 14.58 x (8-6) lakhs = ₹ 118.56 lakhs
that an officer not below the rank of a Deputy Secretary to the Government of India, in the Ministry of New and Renewable Energy recommends the grant of this exemption, indicating the quantity, description and specification of the goods and certifies that they are required for initial setting up of a solar power generation or solar energy production project or facility, as the case may be; and
in the opening paragraph, after the words, “initial setting up of a project for the generation of power”, the words, brackets and letters “or generation of compressed bio-gas (Bio-CNG)” shall be inserted;
