9911796707
Advanced Search 
TMI BlogProcedure and facilities for large taxpayerX X X X Extracts X X X X X X X X Extracts X X X X ..... m 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 within a period of six mo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ation 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 [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 t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oods 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 taken, on or before the 10th July, 2014 by one of his registered manufacturing premises or premises providing taxable service to his other such registered premises by,- (i) making an entry for such transfer in the record maintained under rule 9; (ii) issuing a transfer challan containing registration number, name and address of the registered premises transferring the credit as well as receiving such credit, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , 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. (6) Any notice issued but not adjudged by any of the 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. (7) Provisions of these rules, in so far as they are not inconsistent with the provisions of this rule shall mutatis mutandis apply in case of a large taxpayer. ======================== Meaning of Large Tax payer Units (LTU)Rule 2 (na) "large t ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
