![]() Financial Daily from THE HINDU group of publications Saturday, Nov 08, 2003 |
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Industry & Economy
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Engineering Excise dept to relax norms for verification of duty paid pumpsets G. Gurumurthy
Coimbatore , Nov. 7
THE Central Excise Department has offered to do away with the system of physical verification of the duty-paid pumpsets being brought into the factory for repair works by the pump manufacturers. The department has now decided to go by intimation from individual manufacturers on such repair works. In a special trade notice, the department has also delegated powers to the respective assistance commissioners/deputy commissioners to deal with such cases. These officers have been empowered to extend the time limit to the manufacturers for clearing the pumpsets brought in for repair/reprocessing works. Hitherto, the Central Excise officials had been mandated to undertake verification of the duty-paid pumpsets brought in for any repair/reprocessing works, which is allowed under the Excise rule 16. The manufacturers entertaining such repairs were to intimate to the excise department within 24 hours of the receipt of the goods and the excise officials would be free to verify the bona-fides of the goods within 48 hrs of such intimation. The Excise Department has offered to relax the relevant provisions following representation from the pumpset manufacturers. The department has now decided to withdraw the requirement of the verification of the duty paid goods. However, it has retained the stipulation that the manufacturers should inform the excise department within 24 hours of the receipt of the duty-paid pumpsets for repair works, said Mr Krishnamurthy, Chief Commissioner of Central Excise and Customs, Coiimbatore zone. Under this particular provision, the pumpset manufacturers entertaining repair/reprocessing of the duty-paid pumpsets can clear the goods within six months after the repair work. As per the previous excise rules, the initial six month's time limit would be allowed by the respective jurisdictional ACs/DCs and subsequent time extensions had to be obtained from the commissioners. Now as part of greater delegation of powers, all subsequent extensions could be granted by the respective jurisdictional Acs/DCs, it has been clarified now.
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