Ntf. No.37/2000-CE(N.T.), dt. 03/05/2000

1.

These rules may be called the Central Excise (Seventh Amendment) Rules, 2000

2.

In rule 57AB of the Central Excise Rules, 1944 (hereinafter referred to as the said rules), in sub-rule (1), in clause (ii), for the words and figures ""sub- heading Nos. 2401.90, 2404.99"", the words, letters and figures ""sub-heading Nos. 2401.90, 2404.40, 2404.50, 2404.99"" shall be substituted.

3.

In rule 57AC of the said rules, in sub-rule (2), in clause (b), for the words, ""provided that the capital goods are"", the words, brackets and figures ""provided that the capital goods (other than components, spares and accessories, refractories and refractory materials and goods falling under heading No.68.02 and sub-heading No.6801.10 of the First Schedule to the Central Excise Tariff Act) are"" shall be substituted.

4.

In rule 57AG of the said rules, after sub-rule (3), following sub-rule shall be inserted, namely:-

""(4) A manufacturer, who had debited amount equivalent to ten per dent, of the value of inputs or as the case may be, partially processed inputs while removing such inputs or partially processed inputs under the sub-rule (4) of rule 57F as it existed prior to the lst day of April, 2000, and receives back the inputs or as the case may be, partially processed inputs, on or after the 1st, day of April, 2000, shall be allowed to take CENVAT credit of the amount debited by him and shall be allowed to utilize the CENVAT credit in accordance with these rules.""

5.

In rule 57AI of the said rules, for the words and figures ""sub-heading Nos.2401.90, 2404.99"". the words and figures ""sub-heading Nos. 2401.90, 2404.40, 2404.50, 2404,99"" shall be substituted.

Sd/-
(Prashant Kumar Sinha)
Under Secretary to the Government of India