9911796707
TMI BlogCentral Excise - Transfer of Credit Balance lying in Personal Ledger Account under one minor head to another minor head - RegardingX X X X Extracts X X X X X X X X Extracts X X X X ..... . 202/1/93-CX.6] Government of India Central Board of Excise Customs New Delhi Subject : Central Excise - Transfer of Credit Balance lying in Personal Ledger Account under one minor head to another minor head - Regarding. The Board has examined the question of utilisation of credit balance of Special Excise Duty (SED) lying unutilised in the PLA consequent to the abolition o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vide Notification No. 178/86-C.E., dated 1-3-1986. Under Circular No. 30/80 issued from the Board's F.No. 202/ 39/80-CX.6, dated 22-7-1980, a procedure was prescribed according to which if an assessee desires to transfer balance in PLA to another minor head of account, he was to inform in writing to the Range Officer, who would submit the statement to the Collector giving the details etc. which is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the assessee, PLA No. sub-major and minor head of account name of the commodity and tariff item balance of SED and (ii) sub major and minor head of BED account, name of the commodity and tariff item to which the amount is to be transferred. On receipt of the said application, the Range Superintendent after making necessary effect checks and verifications will permit the transfer of the credit b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hich the amounts is being transferred. The P.A.O. will carry out the necessary adjustment in the accounts, by means of a transfer entry debiting the amount of the head, "Deduct-Refunds" under the minor head mentioned in the statement and crediting it to the minor head to which it is transferred, and return a copy of the statement to the C.A.O. after recording a certificate to the effect that the a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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