TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>New Circular: Procedures for Central Excise Duty Deposits During Bank Disruptions Underlined; Cheque Handling & Penalties Explained.</h1> The circular outlines procedures for depositing Central Excise duties during disruptions like strikes, holidays, or sudden bank closures. Commissioners must issue Trade Notices advising assessees to make advance deposit arrangements. If banks close unexpectedly, assessees can send cheques by registered post to Chief Accounts Officers, with a declaration of sufficient bank balance. These cheques allow credit in Personal Ledger Accounts for goods clearance. Post-strike, cheques are deposited into designated banks. Cheques must be recorded, and dishonored ones penalized. The procedure applies only when all nominated banks are closed, and deviations require Board approval. Previous related circulars are superseded.
TaxTMI 
TaxTMI 
