5
th
August, 2003
Notification No. 60/2003 - Central Excise (N.T.)
In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944), the Central Government hereby
makes the following rules to amend the Central Excise Valuation (Determination of Price of Excisable Goods) Rules, 2000,
namely:-
1.(1)
These rules may be called the Central Excise Valuation (Determination of Price of Excisable Goods) Amendment Rules,
2003.
(2)They shall come into force on the date of their publication in the Official Gazette.
2.
In the Central Excise Valuation (Determination of Price of Excisable Goods) Rules, 2000, in rule 8, for the words "one
hundred and fifteen per cent" the words "one hundred and ten per cent" shall be substituted.
Suraksha Katiyar
Under Secretary to the Govt. of India
F.No.6/15/2003-CX.1
Note: The principal rules were published in the Gazette of India, Extraodinary, Part II, Section3, Sub-Section (i) vide G.S.R. 575
(E), dated 30
th
June, 2000, {notification No.45/2000-Central Excise(N.T.) dated the 30
th
June, 2000}, were subsequently
amended vide G.S.R. 151(E), dated the 1
st
March, 2003 [Notification No.11/2003-Central Excise (NT) dated the 1
st
March,
2003].