| Date: |
12-01-2001
|
| Notification No: |
Central Excise Circular No 565/2001
|
| Issuing Authority: |
Central Excise
|
| Type: |
Circular
|
| File No: |
|
| Subject: |
Regarding Central Excise – Notification No.1/2001- Central Excise (N.T.) dated 11th January 2001 amending provisions relating to payment of duty on fortnightly basis
|
|
Regarding Central Excise � Notification No.1/2001- Central Excise
(N.T.) dated 11th January 2001 amending provisions relating to payment of duty
on fortnightly basis
Circular
No. 565 dated 12th January 2001
I
am directed to enclose copy of Notification No.1/2001-Central Excise (N.T.)
dated 11th January 2001, whereby clause (e) of sub-rule (1) of rule
49 and clause (e) of sub-rule (1) of rule 173G have been amended. Instances have
come to notice where certain Central Excise assessees did not pay substantial
dues relating to earlier period even after being debarred for two months and
were again eligible for the facility of fortnightly payment.
2.
In order to safeguard revenue, amendments have been made in the rules
mentioned above so as to provide that in case where a manufacturer forfeits the
facility to pay the dues in instalments on account of sub-clauses (i) & (ii)
of clause (e) of sub-rule (1) of rule 49 and sub-clauses (i) & (ii) of
clause (e) of sub-rule (1) of rule 173G, for a period of two months starting
from the date of communication of an order passed by the proper officer in this
regard, and if he still fails to make full payment of the outstanding amount
before the end of this period, such manufacturer shall continue to forfeit the
facility to pay the dues in instalments till the date all outstanding amounts
are paid. For the sake of clarify, it is mentioned that where a manufacturer
pays the outstanding amount before the end of the said two months� period, he
can resume to avail the facility immediately after the completion of the two
months period.
3.
The trade and field formations may suitably be informed.
4.
Receipt of the Circular may please be acknowledged.
|
|
|