[TO BE PUBLISHED IN THE GAZETTE OF INDIA,
EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]
GOVERNMENT
OF INDIA
MINISTRY
OF FINANCE
(DEPARTMENT
OF REVENUE)
Notification
No.
36/2016 - Central Excise (N.T.)
New Delhi, the 26th July, 2016
G.S.R.
(E).- In exercise of the powers conferred by section 37 of the Central Excise
Act,1944 (1 of 1944) and section 94 of the Finance Act, 1994 (32 of 1994), the
Central Government hereby makes the following rules further to amend the CENVAT
Credit Rules, 2004, namely:-
1. (1) These rules may
be called the CENVAT Credit (Eighth Amendment) Rules, 2016.
(2) They shall come
into force on the date of their publication in the Official Gazette.
2. In the CENVAT Credit Rules, 2004
(hereinafter referred to as the said rules), -
(A) in rule 2, in clause (naa), for sub-clause
(i), the following shall be substituted, namely:-
“(i) in relation to articles of jewellery or
parts of articles of jewellery or both, falling under heading 7113 of the First
Schedule to the Excise Tariff Act, includes a person who is liable to pay duty
of excise leviable on such goods under sub-rule (1) of rule 9 of the Articles
of Jewellery (Collection of Duty) Rules, 2016;"
(ia) in relation to articles of precious metals
falling under heading 7114 of the First Schedule to the Excise Tariff Act,
includes a person who is liable to pay duty of excise leviable on such goods
under sub-rule (1) of rule 12AA of the Central Excise Rules, 2002;"
(B) in rule
4, in sub-rule (2), in clause (a), in the Explanation, for item (i), the
following item shall be substituted, namely:-
“(i) an assessee
engaged in the manufacture of articles of jewellery or parts of articles of jewellery
or both, falling under heading 7113 of the First Schedule of the Excise Tariff
Act, shall be eligible, if his aggregate value of clearances of all excisable
goods for home consumption in the preceding financial year, computed in the
manner specified in the said notification, did not exceed rupees fifteen
crore;”.
[F. No. 354/25/2016 –TRU (Pt.-I)]
(Anurag Sehgal)
Under Secretary
to the Government of India
Note.- The principal
rules were published in the Gazette of India, Extraordinary, Part II, Section
3, Sub-section (i), vide, notification No. 23/2004 - Central Excise (N.T.),
dated the 10th September, 2004 vide, number G.S.R. 600(E), dated the 10th
September, 2004 and last amended, vide, notification No. 28/2016- Central
Excise (N.T.), dated the 26th May, 2016 published in the Gazette of India,
Extraordinary, Part II, Section 3, Sub-section (i), vide, number G.S.R. 555(E)
, dated the 26th May, 2016
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