Central Excise Rules, 2001 provide that the assessee shall be required to file certain periodic returns, which relate to his tax liability and other transaction. Part-II RETURN Introduction 1.1 The Central Excise (No.2) Rules, 2001 (hereinafter referred to as the said Rules) provide that the assessee shall be required to file certain periodic returns, which relate to his tax liability and other transaction, such as relating to CENVAT credit . Monthly/Quarterly Return 2.1 Rule 12 of the said Rules has provides that every assessee shall submit to the Superintendent of Central Excise a monthly return in proper form, of production and removal of goods and other relevant particulars, within ten days after the close of the month to which the return relates. However, where an assessee is availing of the exemption under a notification based on the value of clearances in a financial year, he shall file a quarterly return in proper form, of production and removal of goods and other relevant particulars, within twenty days after the close of the quarter to which the return relates. The prescribed return is E.R.1 Return, notified by Notification No. 48/2001-Central Excise (N.T.) dated 26.6.2001. (Anneuxre-12) 2.2 As duties payable on individual consignments need not be paid at the time of removal from the factory or approved place of storage, and sum total of this duty liability can be discharged on fortnightly basis in respect of clearances for a fortnight, certain details for removals for each fortnight, duties payable and the manner in which the actual duty payments are effected by the assessee, the interest payment - if any, where duties paid beyond permitted dates etc. have been specified in the E.R.1 Return. 2.3 The assessees would continue to submit alongwith the E.R.1 Return for the month, copies of the PLA and relevant TR6 challans etc. The PLA Extracts will give details of all the credits made through TR6 challans during the month and upto the 5th of the following month – upto which the duty liability can be discharged for the month. A summary could also be put at the end of the PLA Extracts indicating the following: opening balance, after discharging the duty liability for the second fortnight of the previous month; the credits made during the month; and upto the 5th of the following month; total duty discharged through PLA for the first fortnight; total duty discharged through PLA for the second fortnight; and closing balance in the PLA after discharging the second fortnight duty liability. 2.7 The units in the SSI sector could suitably modify this summary, as they are required to pay duty on monthly basis. 2.8 The instructions in the form of "NOTES" given at the end of E.R.1 return further elaborate the manner in which it should be compiled and the information to be furnished to the Department. 2.9 Return to be filed by Hundred per cent Export Oriented Undertakings/Units in Free Trade Zones/Units in Special Economic Zones is the E.R.2 Return, notified by Notification No. 49/2001-Central Excise (N.T.) dated 26.6.2001. (Anneuxre-13)
Get Sample Now Which service(s) are you interested in? Export Data Import Data Both Buyers Suppliers Both OR Exim Help + Exim News Date: 10-08-2022 Stocks in the news: SBI, Titan, M&M, Airtel, Tata Motors, Paytm and Nykaa Date: 10-08-2022 Rice sowing in the current kharif season has dropped 13% till August 5 due to rainfall deficiency in Date: 10-08-2022 Companies seek refund after HC reaffirms Advance Authorisation benefit Date: 09-08-2022 Commerce ministry recommends anti-dumping duty on Chinese cutting tool Date: 09-08-2022 Adani APSEZ Q1 Results: Net profit falls on lower revenue Date: 09-08-2022 Specify time limit for remittance of SEZ export proceeds Date: 09-08-2022 Companies seek refund after HC reaffirms Advance Authorisation benefit Date: 09-08-2022 Reducing import, increasing exports: How states are doing their bit for the economy Date: 08-08-2022 Karnataka govt attracted investments worth Rs 1 lakh crore in last 3-4 months: Minister Date: 08-08-2022 IPEF trade pillar must be converted into a trade agreement suggest experts What is New? Date: 08-08-2022 Notification No. 67/2022 Customs (N.T.) Passenger Name Record Information Regulations, 2022. Date: 04-08-2022 Notification No. 66/2022 - Customs (N.T.) Exchange rate Notification No.66/2022-Cus (NT) dated 04.08.2022-reg. Date: 03-08-2022 Notification No. 24/2022-Customs (ADD) seeks to impose anti-dumping duty on Opal Glassware from UAE & China PR for a period of 5 years. Date: 02-08-2022 Notification No. 22/2022-Central Excise Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to increase the Special Additional Excise Duty on production of Petroleum Crude and exempt export of Aviation Turbine Fuel. Date: 02-08-2022 Notification No. 21/2022-Central Excise Seeks to further amend No. 04/2022-Central Excise, dated the 30th June, 2022, to reduce the Special Additional Excise Duty on Diesel. Date: 01-08-2022 NOTIFICATION No. 17/2022 – Central Tax Seeks to implement e-invoicing for the taxpayers having aggregate turnover exceeding Rs. 10 Cr from 01st October, 2022. Date: 23-07-2022 Notification No. 44/2022-Customs Seeks to amend notification No. 49/2021 - Customs, dated 13.10.2021, in order to extend the concessional Agriculture Infrastructure and Development Cess [AIDC] of Nil on Lentils (Mosur) up to and inclusive of the 31st March, 2023. Date: 21-07-2022 Notification No. 64 /2022 - Customs (N.T.) Exchange rate Notification No.64/2022-Cus (NT) dated 21.07.2022-reg. Date: 20-07-2022 Notification No. 43/2022-Customs Seeks to amend notification No. 22/2022-Customs, dated 30.04.2022 to enable TRQ holders to import gold through IIBX under TRQ mechanism of India-UAE CEPA . Date: 19-07-2022 Notification No. 19/2022-Central Excise Seeks to exempt the excisable goods, namely Petrol, Diesel and Aviation Turbine Fuel from Special Additional Excise Duty and Road and Infrastructure Cess when exported from units located in the Special Economic Zones (SEZ).
Indian Customs CBEC - Indian Customs Offices Indian Customs Duty Customs Exchange Rate HS Code List - Countrywise Safegaurd Duty Anti Dumping Duty Duty Drawback Rates
DGFT Dgft offices in India Exim Policy IEC Number Dgft Notification Dgft Public Notices Dgft Circulars Trade Notice Depb Rates
Central Excise Central Excise Offices Central Excise Duty Central Excise Notification Central Excise Notification tarrif Central Excise Notification Non-Tarrif Central Excise Circulars Central Excise Instruction Central Excise Manual