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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Finance Ministry Clarifies 8-Digit Tariff Units Are Not Mandatory; Transition Urged by March 31, 2005.</h1> The circular from the Ministry of Finance, Department of Revenue, addresses concerns from trade and field formations regarding the standard units of quantity in the 8-Digit Central Excise Tariff. It clarifies that these units are specified to aid in the collection and analysis of trade statistics but are not mandatory. The same applies to the 8-digit Customs Tariff since 2003. The Board urges assessees to transition to the new 8-digit classification system by March 31, 2005, to ensure proper filing of returns and data management. This directive is issued with the approval of the Member (CX).
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