NTF. NO. 53/2003-CE(N.T.), DT. 09/06/2003

Amendments in the Ntf. No. 36/2001-CE(N.T.), Dt. 26/06/2001 (CENVAT-Declarant Code for Independent Weaver)

G.S.R. (E).- In exercise of the powers conferred by sub-rule (2) of rule 9 read with rule 33 of the Central Excise Rules, 2002, the Board, being satisfied that it is necessary and expedient in the public interest so to do, hereby makes the following further amendment in notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 36/2001-Central Excise(N.T.), dated the 26th June, 2001, namely:-

In the said notification, in clause (i) of sub-para (1) of the opening paragraph, the following shall be inserted at the end, namely:-

"Provided that an independent weaver who intends to opt for the procedure specified in rule 8A of the CENVAT Credit Rules, 2002, shall file an application in the form specified in Annexure-IA to the notification No. 35/2001-Central Excise(N.T.), dated 26th June, 2001 (G.S.R. 464 (E), dated the 26th June, 2001) and shall obtain a twelve digit declarant code from the Superintendent of Central Excise having jurisdiction in this behalf, before issuance of any challan referred to in the said rule 8A; such option once exercised during a financial year can not be withdrawn during the same financial year."

[F.No. B3/1/2003-TRU]

(V.Sivasubramanian)
Deputy Secretary to the Government of India

Footnote,- The principal notification No. 36/2001-Central Excise (N.T.), dated the 26th June, 2001 was published in the Gazette of India vide number G.S.R. 465(E), dated the 26th June, 2001 and was last amended vide notification No.31/2002 -Central Excise (N.T.), dated the 17th September, 2002, number G.S.R. 654 (E), dated the 17th September, 2002

(Please refer CIR NO. 722/38/2003-CX, Dt. 09/06/2003 - Passing on of the credit of duty paid yarn by the exempted powerloom units to multiple buyers)

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