Lost in Budget Baggage
WHEN the Board gives, it is very generous. Lost in the mountain of budget papers were some assessee friendly circulars of the Board.
Registration of two or more premises as one registrant in Central Excise: Notification No. 36/2001-Central Excise (NT), dated 26.06.2001 has been amended vide Notification No. 19/2016-Central Excise(NT), dated 01.03.2016 to provide that if two or more premises of the same factory are located in a close area, these premises are within the jurisdiction of a Central Excise Range and the process undertaken there are interlinked and the units are not operating under any of the area based exemption notifications, the Commissioner of Central Excise, may, subject to proper accountal of the movement of goods from one premise to other and such other conditions and limitations, as may be prescribed, allow single registration. Earlier instruction on this issue are treated as amended. - CBEC Circular No. 1016/4/2016-CX., Dated: February 29, 2016
Certificate evidencing payment of Central Excise duty: By Circular 620/11/2002-CX, dated 20.02.2002 the facility of issuing of Certificate as proof of payment of Central Excise duty was extended to Small Scale Industry. References have been received from Trade for extending this facility of issuing Certificate as proof of payment of Central Excise duty to all categories of industries.
Board has decided that the benefit of Circular No.620/11/2002-CX dated 20.02.2002 shall be extended to the entire industry as a matter of trade facilitation. - CBEC Circular No. 1017/4/2016-CX., Dated: February 29, 2016
Withdrawal from prosecution in Central Excise cases older than15 years involving duty less than rupees five lakhs: Board has decided to withdraw from prosecution of the cases where evasion of Central Excise duty is less than Rupees five lakhs and prosecution is pending for more than fifteen years.
Application will also be moved for withdrawal from prosecution against the conoticees in a case, where the prosecution, against the main noticee is proposed to be withdrawn, as the grounds for withdrawal of prosecution would apply equally to the conoticees. - CBEC Circular No. 1018/4/2016-CX., Dated: February 29, 2016
Change in rate of interest on goods warehoused for export, when cleared to DTA-: Board Circular No. 581/18/2001-CX, dated 29.06.2001, specifying conditions, procedures, class of exporters and places under sub-rule (2) of rule 20 of Central Excise (No. 2), Rules, 2001 for Central Excise who can avail facility of export warehousing, provides for a liability of interest @ 24% on goods, warehoused for export, when diverted for home-consumption. Keeping in tune with the general gesture of reducing interest to 15%, the interest payable in this case is also reduced to 15%. It is really laudable that the Board could locate this circular and reduce the interest rate. - CBEC Circular No. 1019/4/2016-CX., Dated: February 29, 2016