9911796707
TMI BlogProcedure and facilities for large taxpayer.- Notwithstanding anything contained in these rules, the following procedure shall apply to a large taxpayer,X X X X Extracts X X X X X X X X Extracts X X X X ..... rom any of his registered premises (hereinafter referred to as the sender premises) to his other registered premises, other than a premises of a first or second stage dealer (hereinafter referred to as the recipient premises), for further use in the manufacture or production of final products in recipient premises subject to condition that (a) the final products are manufactured or produced using the said inputs and cleared on payment of appropriate duties of excise leviable thereon within a period of six months, from the date of receipt of the inputs in the recipient premises; or (b) the final products are manufactured or produced using the said inputs and exported out of India, under bond or letter of undertaking withi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ises shall be paid by the recipient premises with interest in the manner and rate specified under rule 14 of these rules: Explanation 2: If a large taxpayer fails to pay any amount due in terms of the first and second proviso, it shall be recovered along with interest in the manner as provided under rule 14 of these rules: Provided also that nothing contained in this sub-rule shall be applicable if the recipient premises is availing following notifications of Government of India in the Ministry of Finance (Department of Revenue), - (i) No. 32/99-Central Excise, dated the 8th July, 1999 [G.S.R. 508(E), dated 8th July, 1999]; (ii) No. 33/99-Central Excise, dated the 8th July, 1999 [ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r capital goods, (a) removed as such under sub-rule (1) on the ground that the said inputs or the capital goods have been removed without payment of an amount specified in sub-rule (5) of rule 3 of these rules; or (b) on the ground that the said inputs or capital goods have been used in the manufacture of any intermediate goods removed without payment of duty under sub-rule (1) of rule 12BB of Central Excise Rules, 2002. Explanation : For the purpose of this sub-rule intermediate goods shall have the same meaning assigned to it in sub-rule (1) of rule 12BB of the Central Excise Rules, 2002. (4) A large taxpayer may transfer, CENVAT credit 5 [ taken, on or before the 10th July, 2014, by one of his registe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... v) No. 57/2002-Central Excise, dated 14th November, 2002 [G.S.R.. 765(E), dated the 14th November, 2002]; (vi) No. 56/2003-Central Excise, dated the 25th June, 2003 [G.S.R. 513 (E), dated the 25th June, 2003]; (vii) No. 71/2003-Central Excise, dated the 9th September, 2003 [G.S.R. 717 (E), dated the 9th September, 2003]: 2 {(viii) No.20/2007-Central Excise, dated the 25th April, 2007 [ GSR 307 (E), dated the 25th April, 2007]} 4 {(ix) No. 1/2010-Central Excise , dated the 6th February, 2010 [G.S.R. 62 (E), dated the 6th February, 2010]} (5) A large taxpayer shall submit a monthly return, as prescribed under these rules, for each of the registered premises ..... X X X X Extracts X X X X X X X X Extracts X X X X
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