Govt hikes Central Excise abatement from 40% to 42.5%
NTF. NO. 02/2007-CE(N.T.), DT. 31/01/2007
Govt hikes Central Excise abatement from 40% to 42.5%
In exercise of the powers conferred by sub-section (1) and sub- section (2) of section 4A of Central Excise Act 1944 (1 of 1944), the Central Government, on 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. 2/2005-Central Excise (N.T.), dated the 7th January, 2005, which was published in the Gazette of India Extraordinary, vide G.S.R. 10 (E), dated the 7th January, 2005 , namely:-
In the said notification, in the Table,-
(1) against Sl.No. 1, for the entry in column (4), the entry " 42.5%" shall be substituted; and
(2) against Sl.No. 2, for the entry in column (4), the entry " 42.5%" shall be substituted.
2. This notification will come into force on the 1 st day of February, 2007.
F.No. 332/48/2006-TRU
(R. Sriram)
Deputy Secretary to the Government of India
Note:- The principal notification was published in the Gazette of India, Extraordinary, vide notification No. 2/2005-Central Excise (N.T.), dated the 7th January, 2005 , G.S.R. 10 (E), dated the 7th January, 2005 and was last amended by
notification No.4/2005-Central Excise (N.T.), dated the 23 February, 2005, vide G.S.R. 91 (E), dated the 23 February, 2005 .