Transfer of excise credit: unutilised SED balances may be reallocated to BED with prescribed application and accounting steps. Authorisation to transfer unutilised Special Excise Duty credit balances in a taxpayer's Personal Ledger Account to the Basic Excise Duty minor head is provided. Assessees must apply in quintuplicate with PLA, head and commodity details; the Range Superintendent verifies and endorses transfers and forwards one copy to the Chief Accounts Officer for reconciliation. The C.A.O. sends a consolidated duplicate statement to the Pay and Accounts Officer, who effects accounting adjustments by debiting ''Deduct-Refunds'' under the originating minor head and crediting the destination minor head and returns a certified copy to the C.A.O.
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 excise credit: unutilised SED balances may be reallocated to BED with prescribed application and accounting steps.
Authorisation to transfer unutilised Special Excise Duty credit balances in a taxpayer's Personal Ledger Account to the Basic Excise Duty minor head is provided. Assessees must apply in quintuplicate with PLA, head and commodity details; the Range Superintendent verifies and endorses transfers and forwards one copy to the Chief Accounts Officer for reconciliation. The C.A.O. sends a consolidated duplicate statement to the Pay and Accounts Officer, who effects accounting adjustments by debiting ''Deduct-Refunds'' under the originating minor head and crediting the destination minor head and returns a certified copy to the C.A.O.
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