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SUB: INTRODUCTION OFNEW FORMATS OF MONTHLY / QUARTERLY RETURN TO BE FILED BY SSI / NON SSI MANUFACTURERS, EXPORT ORIENTED UNITS AND REGISTRED DEALERS – REGARDING.
All concerned are hereby informed that as a measure towards simplification of indirect tax procedures with the objective of reducing the complexities and the transaction cost, the monthly / quarterly returns to be filed by the manufacturer of excisable goods have been reduced to a unified, single and a simplified one page return (Notification NO. 69/2002 Central Excise (NT) to 73/2003 Central Excise (NT), all dated 15.9.2003 refer). The details of the formats of the returns are available in CBEC website www.cbec.gov.in for the sake of convenience they are also enclosed herewith.
2. At present, the manufacturer of excisable goods registered with the Central Excise Department are required to file two returns, one return for production and clearance of manufactured goods and another for CENVAT availment. It has now been decided to reduce the number of returns filed by an assessee to a single return and also introduce a simplified single page return. It may be noted that the said return format has been made less rigorous by substantially reducing the number of details required to be furnished n the return. Further, in the new return, details of information about the excisable goods manufactured by an assessee is required to be furnished based on the six digits sub-heading level of Central Excise Tariff Act, 1985 and not on description of goods. This shall facilitate on line filing of returns and use of automation for collection.
3. The new returns will come into force from 1st October, 2003. It may be clarified that the monthly return of excisable goods required to be filed by 10th of November, 2003 for the month of October, 2003 and the quarterly return for the quarter ending December, 2003 shall be required to be filed in the new format.
4. Certain other changes in the Central Excise Rules, 2002 and the CENVAT Credit Rules, 2002 have been carried out which may be gone through. Now the Export Oriented units shall also be required to give details of the goods manufactured and exported under bond as well as the inputs and capital goods received without payment of duty in the monthly return filed by them. It may also be noted that full CENVAT credit of the duty paid on moulds and dies shall now be available to the manufacturer in the first year of acquisition itself. However, credit on the moulds and dies received in the factory already before this amendment may be allowed as per the provisions existing earlier.
5. All the Trade Associations are requested to give wide publicity to the contents of this Trade Notice amongst their members
6. Hindi version will follow.
( RAJENDRA PRAKASH ) COMMISSIONER
Encl.: As above.
Authority : Board's Circular No.747/63/2003-CX, Dated 22nd September, 2003.
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