![]() Financial Daily from THE HINDU group of publications Friday, Apr 25, 2003 |
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Industry & Economy
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Textiles CBEC simplifies registration form for powerloom sector K.R. Srivats
NEW DELHI, April 24 POWERLOOM weavers and other segments of the textile sector that had voiced concern over the complexity of the excise registration process and the scope for harassment in such a process have cause for cheer. The Central Board of Excise and Customs (CBEC) has further simplified the excise registration process for the segments of the textile sector coming under the excise net from April 1. The board has now introduced a simpler application form exclusively for registration of powerloom weavers/ hand processors/dealers of yarns and fabrics/manufacturers of readymade garments. CBEC has also held that those who are already registered need not apply afresh. The board has also directed the Commissionerates to grant excise registration even if Permanent Account Number (PAN) is not available. "The normal procedure of grant of PAN-based registration is not to be strictly adhered to while granting registration to the new registrants in textiles and textile articles sector. In other words, registration should be given in the absence of PAN, if not available," the CBEC said in a circular issued on Wednesday. Further, the board has also made it clear that verification of the premises need not be conducted at this juncture for grant of registration. Following the recent measures like withdrawal of deemed Cenvat credit and removal of SSI exemptions on textiles and textile articles, a large number of powerloom weavers/hand processors/dealers of yarns and fabrics. Manufacturers of readymade garments are now required to register with Central Excise department.
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