Acceptance of Central Excise Certificate under Para 3.1(e) of CBEC Circular No. 58/2004-Cus dated. 21.10.2004 - reg. - Customs - PUBLIC NOTICE NO. 27/2007

OFFICE OF THE COMMISSIONER OF CUSTOMS (EXPORTS), AIR CARGO COMPLEX, SAHAR, MUMBAI 400 099. FILE NO. S/3-MISC-PRO-53/07 ACC (EXP). DATED 15TH SEPT.,2007 PUBLIC NOTICE NO. 27/2007 SUB:- Acceptance of Central Excise Certificate under Para 3.1(e) of CBEC Circular No. 58/2004-Cus dated. 21.10.2004 - reg. Attention of all the importers, exporters, CHAs and members of the trade is invited to the Board's Circular No. 30/2007-Cus dated 21.8.2007 issued from file No. 605/42/2007-DBK on the above subject. The manufacturer exporters registered with Central Excise who have paid excise duty of Rs. 1.00 crore or more during the preceding financial year are exempted from executing bank guarantee under Advance Authorisation and EPCG Schemes in terms of Para 3.1(e) of the CBEC No. 58/2004-Cus dated 21.10.2004. References have been received by the Board from the trade as well as field formations seeking clarification whether the limit of Rs. 1.00 crore of Central Excise duty prescribed in the aforesaid Circular refers to duty payment from PLA only or whether payments through Cenvat credit accounts can also be taken into consideration while calculating the total duty paid by an assessee. The matter has been examined by the Board. It is clarified that the excise duty paid through Cenvat credit shall also be taken into account while calculating the excise duty paid by a manufacturer exporter for the purposes of Para 3.1(e) of the above mentioned circular. Difficulty faced, if any, in the implementation of the above Circular may please be brought to the notice of the undersigned. Sd/- (P.M. SALEEM) COMMISSIONER OF CUSTOMS (EXPORTS) ATTESTED (DEEPAK MATA) PRO, AIR CARGO COMPLEX