CENTRAL EXCISE (NT)

 

Explanatory Memoranda to notification Nos. 1 to 4/2013-Central Excise (NT) Dated 01-03-2013.

 

Notification No.

Description

1/2013 – CE (N.T)

Seeks to amend notification No. 49/2008- CE (N.T.), dated the 24th December,  2008, so as to prescribe MRP based assessment with 35% abatement thereon, for  branded medicaments used in Ayurvedic, Unani, Sidha, Homeopathic or BioChemic systems and to align the tariff lines relating to Pressure Cooker with HS  2012 .

2/2013 – CE (N.T.)

 Seeks to further amend the notification No. 4/2002-CE (N.T.), dated 1st March,  2002 so as to make provision for interest on refund, subject to sub-rule (6), arising  out of an order of final assessment under sub-rule (3) of rule 7 of the  Central Excise  Rules, 2002 

3/2013 – CE (N.T.) 

 Seeks to amend the notification No. 23/2004-CE (N.T.), dated 10th September,  2004, so as to provide a mode of  recovery of CENVAT credit wrongly taken, under  the CENVAT Credit Rules, 2004.

 4/2013 – CE (N.T.) 

 Seeks to notify “the resident public limited company” as a class of persons under  the sub-clause (iii) of clause (c) o  section 23A of Central Excise Act, 1944.