Permission for acceptance of Gate Passes issued by E. T. & T. D. C. Ltd., for claiming Modvat benefits - Request regarding - Central Excise - 34/88-CX.8

Permission for acceptance of Gate Passes issued by E. T. T. D. C. Ltd., for claiming Modvat benefits - Request regarding Circular No. 34/88-CX.8 Dated 5-8-1988 [From F. No. 267/120/87-CX.8] Government of India Ministry of Finance (Department of Revenue) Central Board of Excise and Customs, New Delhi Subject: Permission for acceptance of Gate Passes issued by E. T. T. D. C. Ltd., for claiming Modvat benefits - Request regarding. M/s. Electronics Trade Technology Development Corporation Ltd. (a public sector undertaking) have launched a Scheme called "Material, Technology Brand name" (MTB) under which they buy components and materials in bulk from indigenous manufacturers and supply the same to the Industries (registered with them) after making kits for manufacture of TVs. Most of these components which ET T buy from the manufacturers are excisable for which duty is being paid by ET T. ET T are not able to get issued subsidiary gate passes to their customers for purposes of availing Modvat credit on these components because of the large number of components going into a T.V. kit and also Number of manufacturers involved. They have therefore requested that they may be permitted to issue a composite subsidiary gate pass in respect of each package (Kit) so that the manufacturers registered with them can avail Modvat credit on the indigenous components received through ET T. The matter has been examined by the Board. It has been decided that the subsidiary gate passes issued by ET T can be accepted for purposes of allowing Modvat credit, subject to the observance of the procedure enclosed herewith. Special checks may nevertheless be conducted by the Superintendent/Inspector Incharge of ET T godown at the end of each month to ensure proper verification of original GPI with subsidiary G.P.I. Receipt of this letter may please be acknowledged. Procedure 1. M/s ET T will clear the material/components parts on a composite subsidiary gate pass (Annexure 'B') which will be serially machine numbered for each financial year and pre-authenticated by the Range Superintendent having jurisdiction over the godown. Subsidiary gate pass will be made in duplicate copies. Original will go to buyer of components and duplicate would remain with ET T. 2. On the back of the original gate pass the particulars of all the composite subsidiary gate passes issued will be indicated. When the components parts received under a particular GPI are exhausted, it will be submitted to the Range Superintendent at the end of the month for verification of the same with duplicate copies of subsidiary gate passes. 3. M/s ET T will maintain a register in the proforma prescribed in Annexure A showing the gate pass-wise receipts of the materials and issue thereof under the composite subsidiary gate pass. This register will also be pre-authenticated by the Range staff and be available at the godown for inspection by the Central Excise officers at all reasonable times. ANNEXURE A Record of receipts on duty paid goods and issue thereof under subsidiary gate passes Receipt Issue S. No. Description of Goods G.P. No. date Quantity duty sub- sidiary Invoice No. date (if any) Qnty. Duty 1 2 3 4 5 6 7 8 9 Note : The issues are to be made gate pass wise. ANNEXURE B CERTIFICATE (Subsidiary gate pass) S. No. Range........................ Division ...................... Certificate issued in lieu of GP 1 for subsequent movement of duty paid goods under special procedure vide Rule 57A of Central Excise Rules :- 1. Name and address of the party owing the duty paid goods and issuing certificates. 2. Name, address and licence No. of the manufacturer of finished products. 3. Particulars of the goods received and issued. PARTICULARS OF GOODS S.No. G.P. 1 No. and date under which recd. Name address of manufacturer of goods received. Description of goods Quantity removed Assessable value of goods removed Rate of excise duty Total excise duty 1 2 3 4 5 6 7 8 Certified that: 1. The particulars given above are correct. 2. Note of this certificate has been made on gate pass Nos. mentioned in Col. No. 2 Signature of authorised Agent.