Sponsored
    Follow Us:
Sponsored

Circular No. 286/2/97- Central Excise

dated 13/1/97

F.No. 267/115/96-CX.8
Government of India
Ministry of Finance
(Department of Revenue), New Delhi

Subject : Difficulties regarding availment of credit on the gate passes issued for the period 1.4.94  to 10.8.94 and the invoices issued for the period 11.8.94 to 12.2.96 by 100% EOUEPZ Scheme

I am directed to refer to the references made by Commissioners of Central Excise of the Effect that credit cannot be allowed.

(i) On gate passes issued by 100% EOU for the period 1.4.94 to 10.8.94 and on invoices issued by such units for the period 11.8.94 to 12.2.96 on the ground that these documents were not prescribed as a document for the purpose of Modvat.

2. The issue has been examined by the Board.

3. With a view to resolve the difficulties Board had earlier specified certain category of documents under Rule 57H(4) for allowing the credit on such specified documents in respect of inputs lying in stock or received in factory or after 16.3.95.

4. With a view to further resolving the transitional difficulties, Board by virtue of the power vested under Rule 57H(4) of the Central Excise Rule as amended by Notification No. 69/94-CE(NT) dated 7.11.94 hereby prescribes the gate passes issued under Rule 100E for the period 1.4.94 to 10.8.94 and invoice issued for the period 11.8.94 to 12.2.96 showing the additional duty of customs paid by a 100%n EOU/EPZ units as a document for the purpose of allowing the credit to manufacturers under the said Rule. As such credit can be regularised by the Assistant Commissioners of Central Excise wherever availed on the strength of aforesaid documents if otherwise permissible.

5. Trade and Officers in field may be informed suitably.

 Sd/-
                                                                                                                         (I.P.Lal)
                                                                                          Deputy Secretary of the Govt of India

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
December 2024
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031