The Synthetic & Rayon Textiles Export Promotion Council

Amends Notification No.22/2003-Central Excise dated 31.3.2003

Circular No.ES/80/ 2016-17                                                          August 31, 2016

To:    Members of the Council

Sub: Amends Notification No.22/2003-Central Excise dated 31.3.2003.

Dear Member,

This is to inform you that the Central Board of Excise and Customs has issued Notification No. 31/ 2016- Central Excise (T) dated 24th August, 2016 making amendment in the Notification No. 22/2003- Central Excise dated 31st March, 2003.

Vide this notification the Central Government has introduced following changes as follows:

  • in the opening paragraph, in condition (7), in clause (iv) for the words “bonded premises” the words “premises of the unit” shall be substituted; 
  • in paragraph (2a), the words “and following the rewarehousing procedure” shall be omitted;
  • in paragraph (2b), the words “and following the rewarehousing procedure” and “and by following the rewarehousing procedure” shall be omitted;
  • in paragraph 4, for the words “bonded premises” the words “premises of the unit” shall be substituted; 
  • in paragraph 5, for condition (vii), the following condition shall be substituted, namely: - “(vii) the unit shall be required to have a premises for secure storage of goods procured duty free under this notification and the final products manufactured or produced therefrom and the details of the premises shall be declared to the said officer.”;
  • in paragraph 8, the words “or to debond”, “or debonding”, “debonding or” and “as the case may be” wherever they occur shall be omitted.

Members are requested to make note of the above.

Thanking you,

 

V.ANIL KUMAR
EXECUTIVE DIRECTOR