Monthly excise payment for small scale industries now governed by consolidated rule; prior instructions withdrawn, update compliance procedures. Rule 173GG, which provided a special monthly duty payment procedure for manufacturers availing exemption under value based small scale industry notifications, has been omitted and its modified provision incorporated in Rule 173G. Accordingly, Circular No. 458/24/99 CX, issued on the basis of the former rule, is withdrawn. Field formations and trade are to be informed and acknowledgement of receipt requested, aligning monthly excise payment procedure for exempted small manufacturers with the consolidated rule.
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Monthly excise payment for small scale industries now governed by consolidated rule; prior instructions withdrawn, update compliance procedures.
Rule 173GG, which provided a special monthly duty payment procedure for manufacturers availing exemption under value based small scale industry notifications, has been omitted and its modified provision incorporated in Rule 173G. Accordingly, Circular No. 458/24/99 CX, issued on the basis of the former rule, is withdrawn. Field formations and trade are to be informed and acknowledgement of receipt requested, aligning monthly excise payment procedure for exempted small manufacturers with the consolidated rule.
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