Accounting of collection on Account of "Additional Duty of Excise on Pan Masala and certain Tobacco Product" - Central Excise - C.B.E. & C., Office Memorandum

Pr. Chief Controller of Accounts, C.B.E. C., Office Memorandum Dated 2-8-2006 Subject : Accounting of collection on Account of "Additional Duty of Excise on Pan Masala and certain Tobacco Product". Govt. has imposed Additional Duty of Excise on Pan Masala and Certain Tobacco Products w.e.f. 1-3-2005. The matter was taken up with CGA's office for opening of new Head of Accounts. Pending opening of new Heads of Accounts, the new levy deposited by assessee are being accounted for under the Sub Head/Minor Head of Accounts "Receipt Awaiting Transfer to the other Minor Head etc." The following new minor Heads of Accounts have been opened : Sr. No. Head of Account Description Sl. Code SCCD Code 1. 0038 003803 003803111 Union Excise Duty Non Shareable Duties Additional Duty of Excise on Pan Masala and certain Tobacco products. 00340114 111 Eight digit Serial Code for the new Heads of Accounts now opened may kindly be intimated to the Commissioners advising them to issue a Trade Notice for the benefit of assessees. Action may also be taken for transfer of amount lying under "RAT" to the new Heads of Accounts as mentioned above.