Periodicity of CAS -4 certificates - Central Excise - TRADE NOTICE NO. 02/2017

OFFICE OF THE COMMISSIONER OF CENTRAL EXCISE SERVICE TAX 7th FLOOR, TRADE CENTRE, BUNTS HOSTEL ROAD, MANGALURU-575 003 C. No. IV/16/01/2017/Tech. Date: 23.02.2017 TRADE NOTICE NO. 02/2017 Sub: - Periodicity of CAS -4 certificates -Reg. Attention of Trade and Industry is invited to Board's Circular No. 692/08/2003-CX dated 13th February, 2003 wherein it was clarified that cost of production of captively consumed goods shall be done strictly in accordance with CAS. 2. Instances have come to notice where some assessees are not preparing CAS-4 certificates even after lapse of substantial time of closure of financial year and filing of Tax Audit reports and therefore, these assessees could not calculate the differential duty. 3. In this regard, the assessees are advised to ensure that CAS-4 certificate of the financial year ending on 31st March shall be issued by 31st December of the subsequent financial year. For example, for the Financial Year 2016-17, CAS-4 certificate should be issued by 31.12.2017. The assessing officer shall thereafter finalize the provisional assessment expeditiously. 4. The Trade Associations are requested to give wide publicity to the contents of this Trade Notice amongst their members / constituents. (Dr. SUBRAMANYAM) COMMISSIOMER