1% Duty Goods - Now Entitled to Filing Quarterly Returns - Board Corrects error pointed out by DDT
THAT was pretty fast. In DDT 1830 – 04-04-2012, we pointed out;
According to (the fourth) proviso in Rule 12 of the Central Excise Rules, 2002,
Provided also that, where an assessee is availing the exemption notification of the Government of India, Ministry of Finance (Department of Revenue) No. 1/2011- Central Excise, dated the 1st March, 2011, published in the Gazette of India, Extraordinary, Part-II, section 3, sub-section (i) vide number G.S.R. 116(E) dated the 1st March, 2011 and does not manufacture any other excisable goods other than those specified in the said notification, he shall file a quarterly return in the form specified by notification by the Board, of production and removal of goods and other relevant particulars, within ten days after the close of the quarter to which the return relates.
Now that certain items like coal and fertilizers are covered under Notification No 12/2012 CE, the above proviso requires amendment. Last week they corrected the CENVAT Credit Rules, 2004, but they failed to notice that Central Excise Rules also require a correction.
It took the Board just a fortnight to correct this mistake. The Proviso has been amended to provide for quarterly return for the 1% duty items covered under Notification No. 12/2012. We thank the Board for the quick response, thereby avoiding unwanted litigation and trouble. It does not give us any pleasure in pointing out the mistakes of the babus, though some of them get very angry; but it does give us tremendous happiness when Board realizes its mistakes and carry out corrections.
Notification No. , Dated: April 18, 2012