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Circular No. 111/22/95-CX The Principal Chief Controller of Accounts, Central Board of Excise and Customs has recently brought to the notice of the Board a case of fraud in payment of Central Excise duty by an assessee in Bombay involving a sum of Rs. 1.44 lakhs. In this case modus operandiadopted by the assessee was to forge the amounts
Circular No. 110/21/95-CX The undersigned is directed to enclose copy of Notification No. 74/95-CE dated 20.03.95 amending Notification No. 27/95-CE dated 16/03/95 so as to prescribe an excise duty of 20% on polyester mono filament yarn of 2000 denier age and above used in the manufacture of zip fasteners. In para 26.15 of instructions also
Circular No. 109/20/95-CX The undersigned in directed to enclose a copy of Notification No. 73/ 95-CE* dated 20.03.95 which restores the concessional duty of 15%vide erstwhile Notification No. 24/94- CE on paper and paperboard or articles made from atleast 50% be weight of unconventional raw materials.
Armed Forces of the Union includes the Central Reserve Police Force, the Indo Tibetan Border Police Force, the Special Services Bureau, the Border Security Force, the Central Industrial Security Force, the National Security Guard and the Assam Rifles, maintained or constituted under the Central Reserve Police Force Act, 1949
Circular No.108/19/95-CX Some doubts have been raised whether the expression “the exporters can be permitted to reverse the credit taken in respect of inputs used in the exported finished product with reference to the actual amount of duty credit taken
Circular No. 107/18/95-CX Boards circular No. 69/69/94-CX dated 24.10.94 provided that a registration certificate issued under Rule 174 is valid only for the premises specified in such certificates therefore, registration cannot be granted to person who does not have proper premises for conducting his business and for receipt storage and dispatch of goods.
Circular No. 106/17/95-CX I am directed to refer to Board”s Circular No. 46/88-CX.6 dated 8.6.88 issued from F.No. 209/236/87-CX.6 dated 8.6.88 providing for execution of Bond by M/s. TELCO on behalf of their job workers for supply of chassis to them for building bony under erstwhile rule 191B and thereafter export
Circular No. 105/16/95-CX I am directed to say that doubt has been raised as to whether the said rules provide for manufacture – in -bond of only excisable goods or also of non-excisable goods. Another doubt has been raised whether duty is required to be paid on such intermediate goods or packing material which are used for manufacture- in -bond of export goods
The depreciation in respect of goods covered by clause (a) shall be allowed for the period from the date of commencement of commercial production of the unit or the date of receipt of the goods in the unit, whichever is later, till the date of payment of duty.
Circular No. 104/15/95-CX I am directed to enclose herewith a copy of Board”s Circular No. 96/7/95-CX dated 13.2.95 issued from F.No. 267/9/95-CX-8 dated 13th February, 1995 read with Corrigendum dt. 22.2.95 and to request you to issue necessary instructions to the concerned officers
