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of <h1>Guidelines for Excise Duty Payment During Y2K System Failures: Maintain Ledger Balances, Manual Records Permitted if Needed.</h1> The circular outlines procedures for paying Central Excise duty in case of computer system failures due to Y2K issues. Assessees are advised to maintain sufficient balances in their Personal Ledger Accounts to cover 3-4 days of duty clearances. If banking systems fail beyond three days from January 1, 2000, guidelines from a previous circular should be followed, allowing manual record maintenance if necessary. Commissioners are tasked with monitoring the situation and ensuring no misuse of the procedure. Any issues should be reported to the Board, and the field formations should be informed accordingly.
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