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Sub: CE - Rule 11(5) of Central Excise (No.2) Rules,2001- Exemption from pre-authentication of invoices - Reg. ******** Attention of the trade is invited to this office Trade Notice No.26/98 dated 9.6.98, wherein in pursuance of the proviso to sub-rule (7) of Rule 52A of the erstwhile Central Excise Rules, 1944, assessees paying Central Excise duty of Rs.5 Crores and above from account current, during a financial year, were exempted from the requirement of pre-authentication of invoice foils and intimation of invoice serial numbers, as required under the said sub-rule. A certain assessee falling under the category mentioned supra has represented before the Chief Commissioner to permit him to avail the facility provided under the erstwhile rules. The issue was examined by the Chief Commissioner. New rule 11 which has replaced the erstwhile rule 52A does not have a similar provision and therefore the matter has been referred to the Central Board of Excise and Customs. However, in the meantime, in the interest of the trade, it has been decided to exempt assessees paying Rs.5 crores and above from the account current in a financial year, from pre-authentication of their invoice foils, as required under Rule 11(5) of the Central Excise (No.2) Rules, 2001, until further orders. (Authority: Chief Commissioner's letter C.No.IV/16/198/2001-CZO dated 25.7.2001) (Issued from file C.No.IV/16/32/2001-CX.II) /Attested/ Sd/- (M.JAYARAMAN)
(N.UMASHANTHI) Superintendent(Tech.) To As per mailing list. (Both trade and deptl. Officers)
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