The Gazette of India
EXTRAORDINARY
PART II—Section 3-Sub-section (i)
PUBLISHED BY AUTHORITY
No. 1101 NEW DELHI, FRIDAY, MARCH 31. 1978/CHAITRA 10, 1900
Separate paging is given to this part in order that it may be filed as a separate compilation.
306 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi, the 31st March, 1978
CENTRAL EXCISE
G.S.R.210(E).—In exercise of the powers conferred by sub- mle (1) ot rule 8 of the Central Excise Rules, 1944, the Central Government hereby make* the following further amendment* in the notfflcation of the Government of India In the Ministry of Finance (Department of Revenue;, No, 71-78-Central Excises, dated the 1st March, 1978, namely:—
In the said notification,—
(1) for condition (b), the following conditions shall be
substituted, namely:—
"(aa) Where a manufacturer has not cleared any specified goods in the preceding financial year, or has cleared any such goods for the first time on or after the 1st day of August in the preced- ing financial year, the exemption contained in this notification shall be applicable to such manu- facturer if he files a declaration with the Assis- tant Collector of Central Excises that the aggri- |ate value of such goods cleared during the financial year Js not likely to exceed Rs. 15 lakhs and the aggregate value of such goods cleared during the financial year does not exceed Rs. 15 lakhs;
(b) the aggregate value of clearances made during any financial year or, as the case may be, dur- ing the periods specified in condition (a) or In condition (aa), shall be computed separately in respect of each serial number of the said Table und In respect of each such serinl num- ber, the aggregate value of all the goods speci- fied in column (3) of the said Table against the said serial number, shall be taken into account;";
(2) for Explanation I, the following Explanation shall
be substituted, namely :—
"Explanation I—For the purposes of this notification, the expression 'value* means either the value as determined in accordance with the provisions of section 4 of the Central Excises and Salt Act, 1944 (1 of 1944) or, as the case may be, accor- ding to the tariff values fixed or altered under section 3 of the said Act."
2 This notification shall come into force on the 1st day
ot April, 1978.
[91/78]
[F. No. B. 23/6/78-TR-T
R. K. CHANDRA, Under Secj