Rule 96ZF
- Document type
- Rule
- Dated
- Category
- CENTRAL EXCISE RULES, 1944
Provisions regarding new factories and closed factories re-suming production
RULE 96ZF. Provisions regarding new factories and closed factories re-suming production
In the case of manufacturer who commences production for the first time or who recommences production after having ceased production for a continuous period of not less than three months, and who has been permitted by the Commissioner under sub-rule
(1) of rule 96ZA to avail of the special provisions contained in this section, the amount payable by him for the first month or part thereof, as the case may be, shall be provisionally calculated on the basis of his declaration of the maximum number of cold rolling machines that are or are likely to be installed by him or on his behalf during such period. At the expiry of the period, the amount payable shall be recalculated on the basis of the maximum number of cold rolling machines actually installed and if the initial payment falls short of the total liability so determined, the deficiency shall be recovered from the manufacturer. If, however, the total liability is less than the initial deposit, the balance shall be refunded to the manufacturer.