• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

K.R. Srivats

New Delhi , Aug. 5

THE Central Board of Excise and Customs (CBEC) has now come up with a new format for the monthly or quarterly return that has to be filed by a manufacturer who pays Cenvat duty or avails Cenvat credit.

The newly formulated return also specifies a separate column for the education cess, which has been levied on all Central taxes in the Finance Bill 2004.

An assessee is required to file a return, containing particulars of the quantity of goods produced and removed from a factory, the Cenvat duty paid and the Cenvat credit availed, within 10 days after the close of the month for which the return is being submitted.

The excise return is to be filed with the Superintendent of Central Excise.

However, in cases where an assessee is availing an exemption under a notification based on the value of clearances in a financial year, he would be allowed to file a quarterly return within 20 days after the close of the quarter for which the return is being submitted.

More Stories on : Excise and Customs

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Monsoon vigorous over Kerala western coast

Copyright © 2004, 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