NOTIFICATION No. 37/2007-CE dated 01.11.2007 
Amendments in NTF. NO. 64/95-CE, DT. 16/03/1995 (Fuels falling under Chapter Heading 2710)
 
G.S.R…(E). - In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act 1944 (1 of 1944) read with sub-section (3) of section 3 of the Additional Duties of Excise (Goods of Special Importance) Act, 1957 (58 of 1957), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.64/95-Central Excise, dated the 16th March, 1995 which was published in the Gazette of India, Extraordinary, vide number G.S.R.256(E), dated the 16th March, 1995, namely:-

In the said notification, in the TABLE, after S.No.3 and the entries relating thereto, the following S.No. and entries shall be inserted, namely:-
 
(1) (2) (3)
“3A. Fuels falling under Chapter Heading 2710. If,-

(a) manufactured and supplied by Indian Oil Corporation Limited as stores for consumption on board a vessel of the Indian Navy or Coast Guard; or

(b) procured by Indian Oil Corporation Limited from any other manufacturer of the said fuels and supplied as stores for consumption on board a vessel of the Indian Navy or Coast Guard: Provided that-

(i) Indian Oil Corporation Limited obtains registration under rule 9 of the Central Excise Rules, 2002, with the Assistant Commissioner or Deputy Commissioner of Central Excise having jurisdiction over the concerned supply point;

(ii) maintains records of receipt and supplies of these fuels;

(iii) submits a monthly reconciliation statement to and proves to the satisfaction of the jurisdictional central excise officer that such fuels have been supplied as stores for consumption on board a vessel of Indian Navy or Coast Guard; and

(iv) failing which Indian Oil Corporation Limited pays the excise duty leviable on fuels not properly accounted for along with interest.”

 

[F.No.341/87/2007-TRU

(G. G. Pai)
Under Secretary to the Government of India

Note: - The principal notification No.64/95-Central Excise, dated the 16th March, 1995 was published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (i), vide number G.S.R. 256(E), dated the 16th March, 1995 and was last amended vide notification No.30/2007-Customs, dated the 10th July, 2007 which was published vide number G.S.R. 478(E), dated the 10th July, 2007.

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