The trade has however been representing that on occasions it becomes difficult to resolve the composite article into its constituent components and the only alternative is to break the article. This results in wastage of the products and also the exporters are asked to go for laboratory testing to ascertain the composition of individual materials.
It is also clarified here that as regards such manufacturer- exporters and supporting manufacturers who are registered with Central Excise, the fact of non-availment of Cenvat facility can be confirmed from ARE-I which these exporters shall be furnishing. Therefore, in case of registered manufacturer-exporters and merchant exporters with registered supporting manufacturers the earlier practice of acceptance of ARE-I shall continue.
directed to forward herewith a copy of the following Notifications published in the Gazette of India for your information and necessary action.
The principal notification No. 39/2001-Central Excise dated the 31st July, 2001was published in the Gazette of India vide number GSR 565 (E), dated the 31st July, 2001 and was last amended by notification number 60/2002-Central Excise, dated the 19th December, 2002 [G.S.R.827(E) dated the 19th December, 2002.
Rate of exchange applicable for the purposes of calculation of such anti-dumping duty shall be the rate which is specified in the notification of the Government of India in the Ministry of Finance (Department of Revenue), issued from time to time, in exercise of the powers conferred by sub-clause (i) of clause (a) of sub-section (3) of section 14 of the said Customs Act, and the relevant date for the determination of the rate of exchange shall be the date of presentation of the bill of entry under section 46 of the said Customs Act.
Circular No. 693/9/2003-CX I am directed to say that it has been brought to the notice of the Board that in port cities and certain other areas, where the 100% EOUs are under the administrative control of Customs, Internal Audit is not being conducted as Customs do have a system of audit in the premises of the unit. Further, Central Excise Commissionerates not having the jurisdiction over these 100% EOUs also do not conduct Internal Audit of these units.
Circular No. 692/08/2003-CX I am directed to say that on introduction of Central Excise Valuation (Determination of Price of Excisable goods) Rules, 2000, w.e.f. 1.7.2000, it was clarified by the Board vide Circular No.354/81/2000-TRU dated 30.6.2000 (para 21) that for valuing goods which are captively consumed, the general principles of costing would be adopted for applying Rule 8
The above format of TDS may be printed on the reverse side of the counterfoil duly signed by persons responsible for deduction of tax.
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 further to amend the CENVAT Credit Rules, 2002
The companies are advised to furnish a copy of compliance certificate latest by April 07, 2003 to the stock exchanges wherever their securities are listed as well as to the depositories wherever the securities have been admitted.
