Transfer of credit balances from abolished excise duty to Basic Excise Duty permitted after prescribed PLA verification and accounting entries. Transfer of unutilised credit balances of Special Excise Duty in a taxpayer's Personal Ledger Account is allowed to be moved to the minor head account of Basic Excise Duty where SED has been abolished. The assessee must apply in quintuplicate with PLA, SED and target BED particulars; the Range Superintendent verifies and endorses, the CAO reconciles and forwards a consolidated statement to the Pay and Accounts Officer for a transfer entry debiting the originating minor head and crediting the receiving minor head, with certified return to the CAO.
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.
Transfer of credit balances from abolished excise duty to Basic Excise Duty permitted after prescribed PLA verification and accounting entries.
Transfer of unutilised credit balances of Special Excise Duty in a taxpayer's Personal Ledger Account is allowed to be moved to the minor head account of Basic Excise Duty where SED has been abolished. The assessee must apply in quintuplicate with PLA, SED and target BED particulars; the Range Superintendent verifies and endorses, the CAO reconciles and forwards a consolidated statement to the Pay and Accounts Officer for a transfer entry debiting the originating minor head and crediting the receiving minor head, with certified return to the CAO.
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