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of <h1>Finance Ministry Demands Immediate Update on RT 12 Assessments for April-May 1994; Prevents Time-Barred Cases.</h1> The circular from the Ministry of Finance's Central Board of Excise and Customs, dated July 4, 1994, addresses the use of invoices effective from April 1, 1994. It refers to a previous circular that instructed the priority assessment of RT 12 returns for April and May 1994, with no demand issuance without higher approval. Principal Collectors and Collectors were expected to submit evaluations and suggestions by May and June 1994, but no reports were received. The circular demands an immediate update on the status of RT 12 assessments for these months and ensures assessments of returns prior to April 1994 to prevent cases from becoming time-barred.
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