Cash recovery of money credit - regarding. - Central Excise - 216/50/96-CX

Circular No. 216/50/96-CX dated-- F.No. 267/72/96-CX-8 Government of India Ministry of Finance Department of Revenue, New Delhi Subject: Cash recovery of money credit - regarding. It has been brought to the notice of the Board that the field formations are initiating proceedings for recovery of money credit availed of by Vanaspati Manufacturers under the Notification No. 45/89-CE(NT) dated 11.10.1989 on the ground that the provisions of Section 11D of the Central Excises And Salt Act, 1944 are applicable to such cases. 2. I am directed to say that as the issue is presently under the examination of the Board, you are requested to direct all Commissioners of Central Excise under your jurisdiction not be take precipitative action to enforce such demands pending decision of the Board. Sd/- (Mallika Arya) Under Secretary of the Government of India