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TMI BlogWithdrawal of the warehousing facility for removal of petroleum products without payment of duty from the refineriesX X X X Extracts X X X X X X X X Extracts X X X X ..... ded to withdraw w.e.f. 6.9.2004 the warehousing facility of removal of petroleum products from the refineries to warehouses or from one warehouse to another warehouse without payment of duty. Accordingly, Notification No. 47/2001-CE (N.T.) dated 26.06.2001, issued under rule 20(1) of Central Excise Rules has been rescinded by Notification No.17/2004-CE (N.T.) dated 4.9.2004. The implications of wi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ons stand withdrawn w.e.f. 6.9.2004, the refineries are required to discharge the excise duty on petroleum products in transit immediately. The jurisdictional officers should ascertain the details of such goods and ensure appropriate duty is paid by the refineries immediately. 2. The assessable value of petroleum products cleared from the refineries on or after 6.9.2004, is to be determined under ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... consumers or to industrial consumers, the assessment of LPG at the time of removal from the refineries in such cases may have to be done on provisional basis. Alternatively, the refineries may pay the excise duty at the highest of the assessable values and claim refund later on. 4. Certain products are allowed to be cleared without payment of duty to specified categories of end-users subject to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... determining the assessable value or on any other account, refineries/warehouses may be advised to resort to provisional assessment. Difficulties/ problems, if any, that are noticed in the implementation of "switch over" may be examined on an urgent basis by the Chief Commissioner and the same may be brought to notice of Board immediately along with views and suggestions. 6. Suitable instructions ..... X X X X Extracts X X X X X X X X Extracts X X X X
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