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TMI BlogAmends Central Excise Rules, 2002 to make provisions for Large Tax Payer UnitsX X X X Extracts X X X X X X X X Extracts X X X X ..... the Official Gazette. 2. In the Central Excise Rules, 2002 (hereinafter referred to as the said rules), in rule 2 , after sub-rule (e), the following sub-rule shall be inserted, namely:- "large taxpayer" means a person who,- has one or more registered premises under the Central Excise Act, 1944 (1 of 1944); or has one or more registered premises under Chapter V of the Finance Act, 1994 (32 of 1994); and is an assessee under the Income Tax Act, 1961 (43 of 1961), who holds a Permanent Account Number issued under section 139A of the said Act, and satisfies the conditions and observes the procedures as notified by the Central Government in this regard. 3. In the said rules, after rule 12AA , the following rule shall be inserted, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... al Excise, Large Taxpayer Unit in this regard are satisfied: Explanation 1 . The transfer challan or invoice shall be serially numbered and shall contain the registration number, name, address of the large taxpayer, description, classification, time and date of removal, mode of transport and vehicle registration number, quantity of the goods and registration number and name of the consignee: Provided that if the subject goods manufactured or produced using the said intermediate goods are not cleared on payment of appropriate duties of excise leviable thereon or are not exported out of India within the said period of six months, duties of excise payable on such intermediate goods shall be paid by the recipient premises with interest in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... le on the date and time of removal of the intermediate goods from the senders premises: 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 [G.S.R. 509(E), dated 8th July, 1999]; (iii) No. 39/2001-Central Excise, dated the 31st July, 2001 [G.S.R. 565 (E), dated the 31st July, 2001]; (iv) No. 56/2002-Central Excise, dated the 14th November, 2002 [G.S.R. 764(E), dated the 14th November, 2002]; (v) No. 57/2002-Central Excise, date ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Central Excise officer administering the Act or rules made thereunder immediately before the date of grant of acceptance by the Chief Commissioner of Central Excise, Large Taxpayer Unit, shall be deemed to have been issued by Central Excise officers of the said Unit. (4) A large taxpayer shall submit the monthly returns, as prescribed under these rules, for each of the registered premises. (5) A large taxpayer, on demand, may be required to make available the financial, production, stores and CENVAT credit records in electronic media, such as, compact disc or tape for the purposes of carrying out any scrutiny and verification as may be necessary. (6) A large taxpayer may, with intimation of at least thirty days in advance, opt out to b ..... X X X X Extracts X X X X X X X X Extracts X X X X
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