—(1) The notification of the Government of India in the Ministry of Finance (Department of Revenue) No. G. S. R. 62(E), dated the 6th February, 2010 (hereinafter referred to as the said notification), issued under sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), shall stand amended and shall be deemed to have been amended retrospectively, in the manner specified in column (2) of the Fifth Schedule, on and from the corresponding date specified in column (3) of that Schedule, against the said notification specified in column (1) of that Schedule.
(2) For the purposes of sub-section (1), the Central Government shall have and shall be deemed to have the power to amend the said notification with retrospective effect as if the Central Government had the power to amend the said notification under sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), retrospectively, at all material times.
Explanation.—For the removal of doubts, it is hereby declared that no act or omission on the part of any person shall be punishable as an offence which would not have been so punishable had the said notification not been amended retrospectively.
Clause 139 of the Bill seeks to amend the notification issued under sub-section (1) of section 5A of the Central Excise Act bearing No. G. S. R. 62(E), dated 6th February, 2010 in the manner specified in the Fifth Schedule so as to provide that the period of exemption of ten years for units undertaking substantial expansion under the said notification shall be computed from the date of commencement of commercial production from the expanded capacity.
This amendment will take effect from the date on which this Bill receives the assent of the President.
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