| Date: |
14-01-1998
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| Notification No: |
Central Excise Circular No 371/1998
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| Issuing Authority: |
Central Excise
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| Type: |
Circular
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| File No: |
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| Subject: |
Regarding examination of the Para 3.48 by the Public Accounts Committee (1995-96) out of the report of the CAG of India for the year ended 31.3.92 (No. 4 of 1993) regarding fraudulent availment of Modvat Credit by M/s. Sipani Automobiles Limited, Bangalor
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Regarding examination of the Para 3.48 by the Public Accounts Committee (1995-96) out of the report of the CAG of India for the year ended 31.3.92 (No. 4 of 1993) regarding fraudulent availment of Modvat Credit by M/s. Sipani Automobiles Limited, Bangalor
Circular No. 371 dated 14th January 1998
I am directed to refer to Board's Circular No. 178/12/96-CX dated 28.2.1996. Based on the recommendation of the PAC, directions were issued vide aforesaid circular of the Board for taking immediate action for launching prosecution under Central Excise & Salt Act, 1944 and the IPC 1860 with respect to unscrupulous cases indulging in fraudulent/ naked evasion of excise duty.
2. The aforesaid instructions of the Board are reiterated & I am directed to say that they should be scrupulously complied with. It has been desired by the Board that all such cases should be personally) monitored by the jurisdictional Chief Commissioners of Central Excise and a periodical (quarterly) report should be furnished to the Board regarding the progress of every individual case.
3. Receipt of this Circular may please be acknowledged.
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