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of <h1>Central Board Issues Circular on Credit Adjustments Post-Refunds; Seeks 1987 Data for Streamlining u/r 57E.</h1> The Central Board of Excise & Customs issued Circular No. 5/88, dated April 15, 1988, addressing adjustments of credit under Rule 57E following the grant of refunds. The circular requests identification of commodities frequently involved in such refunds and mandates submission of data for 1987, including the number of refunds requiring credit variation, the total amount involved, and the amounts varied, sanctioned, and rejected. The objective is to streamline the refund process and ensure accurate credit adjustments under Rule 57E for specified commodities.
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