Central Excise Duty on jewellery - Time for Registration and Payment Extended
CBEC in a Circular says that the time limit for taking central excise registration of an establishment by a jeweller is being extended up to 31.07.2016.
The liability for payment of central excise duty will be with effect from 1st March, 2016. However, assessee jewellers may make the payment of excise duty for the months of March, 2016; April, 2016 and May, 2016 along with the payment of excise duty for the month of June, 2016 upto the extended date of 31.07.2016 .
Now, is the time limit being extended or is it extended? Will the Board again inform after it is actually extended? This is the language problem in the Board. They should get that English teacher.
In Circular No. , dated March 21, 2016 , the Board instructed:
The registration of the establishment with the central excise department can be taken within 60 days from 1st March, 2016. However, the liability for payment of central excise duty will be with effect from 1st March, 2016, and as a special case for the month of March, 2016, the assessee jewelers will be permitted to make payment of excise duty along with the payment of excise duty for the month of April, 2016.
When this limitation was coming to an end in April, the Board in Circular No. , dated, April 23, 2016, instructed:
In this regard, the time limit for taking central excise registration of an establishment by a jeweller is being extended up to 01.07.2016. Though, the liability for payment of central excise duty will be with effect from 1st March, 2016, the assessee jewelers may make the payment of excise duty for the months of March, 2016; April, 2016 and May, 2016 along with the payment of excise duty for the month of June, 2016 .
Now the Board says it is being extended till 31.07.2016. Wait for the next extension.
But can the Board really extend these dates without statutory mandate?
CBEC Circular No. 1033/21/2016-CX., Dated: July 01, 2016