OFFICE OF THE COMMISSIONER OF CENTRAL EXCISE,

CHENNAI-II COMMISSIONERATE, NANDANAM CHENNAI-35

 

 

TRADE NOTICE NO 60/2001                                                                                                              Dt.08.10.2001

 

 

            Sub: C.Ex-Communication of Notification No.41/2001 CE, 42/2001CE

                     And 43/2001 CE-Reg.

 

 

            A copy of Govt.of India, Minsitry of Finance, Department of Revenue Notification No.41/2001 Ce Notification No.42/2001 CE dated 21.09.2001 issued in F.No. 357/6/2001 TRU(Pt.) and Notification  No.43/2001 CE dated 21.09.2001 issued in F.No.356/45/2001 TRU are communicated herewith for information and necessary action.

 

            The contents of this Trade Notice may please be brought to the notice of all the constituent members of your association in general and manufacturers in particular.

 

(Issued from file C.NO.IV/16/145/2001 Tech)

 

 

                                                         (G.V KRISHANA RAO)

                                                                                                                     JOINT COMMISSIONER(TECH)

 

 

Notification No. -  41/2001 - Central Excise

In exercise of the powers conferred by rule 15 of the Central Excise (No. 2) Rules, 2001, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 32/2001-Central Excise, dated the 28th June, 2001, namely:-

In the said notification, in paragraph 8, after sub-paragraph (1), the following shall be inserted, namely:-

‘Explanation.- For the removal of doubt, it is hereby clarified that "the original value of the investment in the plant and machinery installed in the factory of the independent textile processor", 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.’.

G. D. Lohani

Under Secretary to the Government of India

F.No. 357/6/2001-TRU (Pt.)

Note.- The principal notification was published in the Gazette of India, Extraordinary, vide notification No. 32/2001-Central Excise, dated the 28th June, 2001 [G.S.R. 490 (E), dated the 28th June, 2001].

 

 

Notification No.42/2001 - Central Excise

In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), read with sub-section (3) of section 3 of the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957) and sub-section (3) of section 3 of the Additional Duties of Excise (Textiles and Textile Articles) Act, 1978 (40 of 1978), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 39/2001-Central Excise, dated the 31st July, 2001, namely:-

In the said notification, the Explanation shall be numbered as Explanation I and after Explanation I as so numbered, the following shall be inserted, namely:-

‘Explanation II.- 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.’.

G. D. Lohani

Under Secretary to the Government of India

F.No. 357/6/2001-TRU (Pt.)

Note.- The principal notification was published in the Gazette of India, Extraordinary, vide notification No. 39/2001-Central Excise, dated the 31st July, 2001 [G.S.R. 565 (E), dated the 31st July, 2001.

Notification No. 43/2001 - Central Excise

In exercise of the powers conferred by sub-section (1) of 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 makes the following further amendments in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 3/2001-Central Excise, dated the 1st March, 2001, namely:-

In the said notification, in the Table,-

(i) against S.No. 173A, for the entry in column (3), the following shall be inserted, namely:-

‘Footwear of retail sale price not exceeding Rs. 125 per pair

Explanation.-"Retail sale price" means the maximum price at which the excisable goods in packaged form may be sold to the ultimate consumer and includes all taxes, local or otherwise, freight, transport charges, commission payable to dealers, and all charges towards advertisement, delivery, packing, forwarding and the like, as the case may be, and the price is the sole consideration for such sale.’;

(ii) after S.No. 243 and the entries relating thereto, the following shall be inserted, namely:-

(1)

(2)

(3)

(4)

(5)

(6)

"243A

94.04

Rubberised coir mattresses

Nil

-

-";

(iii) against S.No. 262, in column (3), items (b) and (i) shall be omitted.

G. D. Lohani

Under Secretary to the Government of India

F.No. 356/45/2001-TRU

Note.- The principal notification was published in the Gazette of India, Extraordinary, vide notification No. 3/2001-Central Excise, dated the 1st March, 2001 [G.S.R. 128 (E), dated the 1st March, 2001] and was last amended by notification No. 35/2001-Central Excise, dated the 29th June, 2001 [G.S.R. No. 500(E), dated the 29th June, 2001].