Instructions to field formations on the changes brought about in Central Excise Procedure - Regarding

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..... Finance (Department of Revenue) Central Board of Excise and Customs, New Delhi Subject : Instructions to field formations on the changes brought about in Central Excise Procedure - Regarding A number of changes have been made in Central Excise Procedures since the presentation of the Budget 1994-95. They include :- (i) Assessment on invoice value; (ii) Extension of the Modvat Schem .....

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..... uld be discussed with the jurisdictional Collector of Central Excise. This suggestion has been accepted by the Board. 4. Since the amount involved in Modvat on capital goods may be substantial and at the same time no undue harassment is to be caused to manufacturers, Board has decided that instructions may be issued to field formations to the effect that assessment of RT-12 returns should be don .....

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