Personal Ledger Account consolidation allowed where the proper officer is the same, with accounting safeguards preserved. Change to the harmonised tariff permits a single current Personal Ledger Account for all goods manufactured by an assessee when the proper officer is the same, subject to compliance with the proviso to sub rule (i) of Rule 173G; multiple PLAs may be allowed at the licensee's request with transfer of credits. Deposits remain classified by major and minor heads, existing PLA numbering may continue, and debits must be entered sub headingwise to enable reconciliation and revenue compilation. Separate Accounts Code Directory instructions have been issued for computerisation.
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.
Personal Ledger Account consolidation allowed where the proper officer is the same, with accounting safeguards preserved.
Change to the harmonised tariff permits a single current Personal Ledger Account for all goods manufactured by an assessee when the proper officer is the same, subject to compliance with the proviso to sub rule (i) of Rule 173G; multiple PLAs may be allowed at the licensee's request with transfer of credits. Deposits remain classified by major and minor heads, existing PLA numbering may continue, and debits must be entered sub headingwise to enable reconciliation and revenue compilation. Separate Accounts Code Directory instructions have been issued for computerisation.
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