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TMI BlogProcedure for manual disbursal of budgetary support under Goods and Service Tax Regime to the units located in States of Jammu & Kashmir, Uttarakhand, Himachal Pradesh and North East including SikkimX X X X Extracts X X X X X X X X Extracts X X X X ..... l Pradesh and North East including Sikkim. Kind Attention of all the members of Trade and Industry and others concerned is invited to Circular No. 1060/9/2017-CX dated 27.11.2017 as amended by Circular No. 1061/10/2017-cx dated 30.11.2017 issued by the Central Board of Excise Customs vide F.No. 116/15/2017-Cx.3 on the subject which is as under; As you are aware, under the Central Excise regime as its existed prior to 01.07.2017, the units located in the states of Jammu Kashmir, Uttarakhand, Himachal Pradesh and North East including Sikkim were eligible to avail exemption from payment of Central Excise duty in terms of area based exemption notifications. While ab-initio exemption was available to the units l ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... inistry of Commerce and Industry. The new scheme is introduced as a measure of goodwill, only to the units which were eligible for availing benefits under the earlier excise duty exemption/refund schemes but has otherwise no relation to the erstwhile schemes, The scheme of budgetary support has come into operation w.e.f. 01.07.2017 for an eligible unit (as defined under para 4.1 of the scheme) and shall remain in operation for residual period (as defined in para 4.3 of the scheme) in respect of specified goods (as defined in para 4.2 of the scheme). Budgetary support under the scheme shall be worked out on quarterly basis and claims for the same shall also be filed on a quarterly basis viz. April to June, July to September, October to Decem ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... amount shall be credited into bank accounts of the beneficiaries through PFMS platform of the Central Government. 6. The claim for the quarter ending September, 2017 has already become due. In order to mitigate the difficulties of the eligible units, it has been decided that units would be registered on the basis of application filed by them manually and application for claim of budgetary support for the said quarter would also be filed and processed manually. The approval of the registration for the scheme and processing of the application for budgetary support for the quarter shall also be undertaken manually by the jurisdictional Deputy Commissioner/Assistant Commissioner of the Central Tax. The sanctioned amount shall be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ame of Central Tax Division/name of Commissionerate/GSTIN. The ID shall be endorsed on all the three copies of the application. (v) It shall be ensured by the jurisdictional Divisional Officer that record of registration is maintained against the sl.no. which is part of the unique ID. (vi) After registration of the eligible unit, based on the details mentioned by the applicant on the Registration Form, the bank account of the applicant shall be validated by the Asstt./Dy. Commissioner (in the capacity of Program Division of CBEC) and a Unique Vendor Id will be created. This exercise should be completed within 3 days of registration of the eligible unit and the unique vendor Id shall be on endorsed on all the copi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed including purchases made from a composition dealer during the quarter shall be available in the GST returns Of the taxpayer, which are available on the CBEC GST Application for verification of the application for the budgetary support filed by the unit. The closing balance of the credit after end of the quarter shall also be provided for verification by the Assistant/Deputy Commissioner. (iii) In cases where an entity is carrying out its operations in a State from multiple business premises , in addition to manufacture of specified goods by the eligible unit, under the same GSTIN as that of the eligible unit, the application for budgetary support shall be supported by additional information duly certified by a Chartered Acc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d by a Chartered Accountant. (v) Para 5.8 of the scheme defines the scope of manufacture by the eligible unit. The eligible unit shall also indicate the value addition achieved by it in respect of each category of specified goods and where the value addition is higher than the limit provided in the table under the said para, the sanction of the claim shall be after verification of the value addition. (vi) Para 6 of the scheme provides for inspection of the eligible unit by a team constituted by DIPP and the findings of the team shall be provided to the Deputy/Assistant Commissioner before sanction of the claim of budgetary support. However, in cases where inspection cannot be conducted the budgetary support amoun ..... X X X X Extracts X X X X X X X X Extracts X X X X
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