S.R.O. 231(I)/2001.--

In exercise of the powers conferred by section 19 of the Customs Act, 1969 (IV of 1969), section 37 of the Central Excise Act, 1944 (I of 1944), section 50 of the Sales Tax Act, 1990 (Act VII of 1990), the Central Board of Revenue is pleased to direct that the following further amendment shall be made in Manufacturing in Bond Rules, 1997, namely :-

In the aforesaid Rules, in rule 14, at the end, following "Explanation" shall be added, namely:-

"Explanation: For the purpose of this rule, the expression "input goods" includes the goods manufactured from input goods by the seller under bond, whether in semi-processed, processed, semi-finished or finished state, which are used by a license purchasing such goods for the manufacture of a product for export under these rules."