Central Excise - Transfer of credit balance lying in RG.23A under one minor head to another minor head - Regarding - Central Excise - 4/93-CX.8

Central Excise - Transfer of credit balance lying in RG.23A under one minor head to another minor head - Regarding Circular No. 4/93-CX.8 Dated 23-4-1993 [From F.No. 267/26/93-CX.8] Government of India Central Board of Excise Customs New Delhi Subject : Central Excise - Transfer of credit balance lying in RG.23A under one minor head to another minor head - Regarding. I am directed to say that the Board has examined the question of utilisation of credit balance of Special Excise Duty (SED) lying un-utilised in RG-23A Part-II, consequent to the abolition of SED vide Notification No.75/93, dated 28-2-1993. 2. It is observed that Rule 57 A and Notification 17/86-CE issued thereunder provide for utilisation of credit of any of the duties of excise paid on inputs for the payment of any duty of excise leviable on final product. This clarification had earlier been conveyed vide Board's Circular No. 20/89, dated 26-6-1989, wherein it had been clarified that the credit of specified duty can be utilised for payment of any one of the specified duties. It is only for convenience that the duties are credited in the register under separate heads. The facility to transfer the balance from the Special Excise Duty Head to the Basic Excise Duty Head in the account maintained under Rule 57A may be allowed on an application submmitted by a manufacturer. While granting this permission, Chief Accounts Officer may be kept suitably informed. 3. The field formations may be informed accordingly. 4. A suitable trade notice may be issued for information of the Trade. 5. The receipt of this circular may please be acknowledged.