Central Excise Rules - Amendment - Modvat invoice - 24/95 - Central Excise - Non Tariff

Central Excise Rules - Amendment - Modvat invoice Notification No. 24/95-C.E. (N.T.) Dated 30-5-1995 In exercise of the powers conferred by section 37 of the Central Excises and Salt Act, 1944 (1 of 1944), the Central Government hereby makes the following rules further to amend the Central Excise Rules, 1944, namely :- 1. (1) These rules may be called the Central Excise (Amendment) Rules, 1995. (2) They shall come into force with effect from the first day of August, 1995. 2. After sub-rule (9) of Rule 57GG of the Central Excise Rules, 1944, the following sub-rule shall be inserted, namely :- "(10) The registered person shall submit within seven days of the close of each month, duplicate copies of the invoices issued under rule 52A/57G to Range Officer with whom such person is registered, (a) where the entire quantity shown in the invoice has been sold, deface the same with the remarks `MODVAT ALLOWED — NOT TO BE USED AGAIN', AND (b) where the entire quantity has not been sold, the Range Officer shall endorse on the back of the invoice, details relating to the quantity received, quantity issued, total amount of duty available as input stage credit (hereinafter referred to as the said duty), amount of the said duty for which invoices have been issued, and the balance quantity and the balance amount of the said duty available for issuing invoices." ANNEXURE - I PROFORMA FOR RECORDS OF RECEIPTS OF EXCISABLE/IMPORTED GOODS AND ISSUE THEREOF DESCRIPTION : TARIFF CLASSIFICATION (S.H. NO.) : RECEIPT S. No. Suppliers In-voice/ Bill of Entry No. Date Name Ad-dress of supplier and his Jurisdictional Range Division and Collectorate/Customs House Qty. Rate of duty Amount of duty per unit Total Amount of duty (Both In words figures) 1. 2. 3. 4. 5. 6. 7. ISSUE Invoice No. Date Name Address of Consignee and with whom the Consignee is registered and the Collectorate Name Address of the buyer if he is not consignee Qty. Amount of duty Per Unit Amount of duty Balance Qty. 8. 9. 10. 11. 12. 13. 14. 1. Notes : Separate entries of goods issued are to be made against each invoice till the stock is exhausted; and if the purchase invoice contains more than one commodity, separate sheet shall be used for each commodity. 2. In respect of sale invoices other than invoices issued against duty as input stage credit issued, a consolidated entry at the end of the day shall be made indicating the invoice numbers and total quantity. 3. The supplier means a company/person from whom the goods have been directly received and shall include Manufacturer/Importer.