Particulars of refund exceeding Rs. 50,000/- and above to Income-Tax Authorities - Intimation regarding - Central Excise - 40/90-CX.8

Particulars of refund exceeding Rs. 50,000/- and above to Income-Tax Authorities - Intimation regarding Circular No. 40/90-CX.8 Dated 3-7-1990 [From F. No. 268/25/90-CX.8] Government of India Central Board of Excise Customs New Delhi Subject : Particulars of refund exceeding Rs. 50,000/- and above to Income-Tax Authorities - Intimation regarding. Attention is invited to instructions issued vide Board's F.No. 210/14/74-CX.6, dated 1-2-1975 and 13-7-1975 wherein it has been clarified that in cases where refund of Central Excise duties exceeding 50,000/- are paid, the particulars of such refunds should invariably be reported to the Commissioners of Income Tax concerned with a copy to Director General of Supplies and Disposals on quarterly basis. It has been observed by C AG that these instructions are not being strictly observed by the field formations. Board has therefore directed that the aforesaid instructions may be strictly adhered to in future by field formations.