Proforma credit refund procedure: new three step administrative mechanism for sanctioning, debiting, and releasing central excise refunds. The circular amends the procedure for refund of Central Excise duty where proforma credit was availed: the Assistant Collector at the factory of origin sanctions refunds but withholds payment and notifies the consignee officer; the consignee officer debits the sanctioned amount from the appropriate excise account and informs the Assistant Collector; once all concerned officers confirm debits, the Assistant Collector effects payment. The new three step administrative mechanism must be communicated to trade by a trade notice.
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Proforma credit refund procedure: new three step administrative mechanism for sanctioning, debiting, and releasing central excise refunds.
The circular amends the procedure for refund of Central Excise duty where proforma credit was availed: the Assistant Collector at the factory of origin sanctions refunds but withholds payment and notifies the consignee officer; the consignee officer debits the sanctioned amount from the appropriate excise account and informs the Assistant Collector; once all concerned officers confirm debits, the Assistant Collector effects payment. The new three step administrative mechanism must be communicated to trade by a trade notice.
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