| Date: |
13-01-1997
|
| Notification No: |
Central Excise Circular No 286/1997
|
| Issuing Authority: |
Central Excise
|
| Type: |
Circular
|
| File No: |
|
| 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% EOU/ EPZ Scheme
|
|
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% <a href='http://www.eximguru.com/exim/eou/default.aspx'>EOU</a>/ EPZ Scheme
Circular
No. 286 dated 13th January 1997
I
am directed to refer to the references made by Commissioners of Central Excise
of the Effect that credit cannot be allowed 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.
|
|
|