Third Schedule to the Central Excise Act amended.

By Vijay Kumar

Vide Section 66 of the Finance Act 2006, the third schedule of the Central Excise Act has been amended to include the following three entries at Sl 100,101 and 102. This amendment has to be effective from a date to be notified as per Section 66 (b) of the Finance Act 2006. Now the notification has been issued to specify the date as 1^st June 2006, which means from this date, in respect of these goods, the process of packing or repacking of such goods in a unit container or labelling or re-labelling of containers including the declaration or alteration of retail sale price on it or adoption of any other treatment on the goods to render the product marketable to the consumer will amount to manufacture. If an automobile dealer gets 100 pistons in a bulk pack and sells them in retail pack, the process amounts to manufacture and may be the dealer has to obtain even Central Excise Registration.

Notification No 12/2006 CE(N.T) Dated May 29, 2006