Financial Daily from THE HINDU group of publications
Friday, Apr 25, 2003

News
Features
Stocks
Port Info
Archives

Group Sites

Industry & Economy - 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.

Article E-Mail :: Comment :: Syndication

Stories in this Section
Core sector posts 5.2 pc growth


Depths of deprivation
Govt pens SARS prescription
SARS: `Joint steps needed from Asian countries'
`Brand building key to market share'
`Iraq war cost oil PSUs Rs 600 crore'
Decision soon on gas pricing policy: Naik
4 pc VAT rate: Will it mean cheaper drugs?
`Incentive' for States to join VAT regime
Garment units seek cut in duty
TN spinners hit by low yield of summer cotton
CBEC simplifies registration form for powerloom sector
Vizag SSIs allege official harassment
Blackout
Omaxe to build 300-bed hospital
Concessional funding for wind energy equipment — Norms relaxed for TUF schemes
Biotech meet on May 3
Insat-3A reaches destination
Traders group to protest against VAT in May
Divestment issue rocks Parliament
Hiking FDI cap: Why the Cabinet fought shy
FDI in telecom — Raising limit may not ring in foreign capital
Experts urge shift to multi-lateral tax treaties
`If Cancun meet fails, so will WTO'
GIM projects get caught in political turmoil
Coir product exports up
TN plans Agri export zones for cashew, banana


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |

Copyright © 2003, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line