Clean Energy Cess accounting: trade must reclassify receipts from Receipt Awaiting Transfer to the new Customs minor head. The notice directs reclassification of Clean Energy Cess collections from the Receipt Awaiting Transfer sub/minor head into a newly authorised Clean Energy Cess minor head under the Customs major head, using the Controller General of Accounts approved numeric and SCCD codes. Amounts held under RAT may be transferred to the new head of account, and field formations and trade bodies are requested to implement and circulate the accounting change.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Clean Energy Cess accounting: trade must reclassify receipts from Receipt Awaiting Transfer to the new Customs minor head.
The notice directs reclassification of Clean Energy Cess collections from the Receipt Awaiting Transfer sub/minor head into a newly authorised Clean Energy Cess minor head under the Customs major head, using the Controller General of Accounts approved numeric and SCCD codes. Amounts held under RAT may be transferred to the new head of account, and field formations and trade bodies are requested to implement and circulate the accounting change.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
