| Date: |
03-01-2003
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| Notification No: |
Central Excise Circular No 687/2003
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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 Payment of Rebate Amount of the Duty Paid from Cenvat Credit Account in Cash
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Regarding Payment of Rebate Amount of the Duty Paid from Cenvat Credit
Account in Cash
Central
Excise Circular No. 687 dated 3rd January 2003
I
am directed to draw your attention to Board�s Circular No. 21/89-CX6 dated
11.5.89 issued from F. No. 210/21/87-CX6, Circular No. 153/64/95-CX dated
12.10.95 issued from F.No.209/47/95-CX6 and Circular No. 262/96/96-CX dated
6.11.96 issued from F. No. 209/36/96-CX6 wherein it has been, inter alia,
clarified that rebate could be sanctioned in cash in respect of the duty payment
made through credit accounts of Modvat scheme on inputs or capital goods or
deemed credit account. Subsequently, Board has been receiving representations
from trade to say that the rebate is not being granted in cash.
2. The matter has been examined by the Board. It
is the view that there is no discretion with the sanctioning authority to give
the refund of the duty paid on goods exported through credit accounts. It is
therefore clarified that the duty paid through the actual credit or deemed
credit account on the goods exported must be refunded in cash.
3.
Field formations may please be informed suitably.
4.
Receipt of the same may be acknowledged.
5.
Hindi version will follow.
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