Payment of duty and return filing

[Penumerthy Muralikrishna]

Notification 17/2007 CE dated 01-03-2007 supersession of the notification No.34/2001-CE, dated the 28th June, 2001. My querry in this case is that if anybody is availing the aforesaid notfn. then what is the date of payment of duty and whether the assessee is required to file any monthly ER-1 return.

[Rama Krishana]

Notification 17/2007 CE dated 1-3-2007 deals with the compounded levy of stainless steel pattis/pattas, falling under Chapter 72, or aluminium circles falling under Chapter 76. You can avail the benefit of this notification at any time during the year but for full month. Since under this scheme he is not supposed to keep the records of items manufactured or sold, assessable value etc., he is not required to file any ER-1 return. Instead, he will be required to file monthly statement as per annexure to the notification.

AI Summary

Clarification on Duty Payment and Filing Requirements Under Central Excise Notification 17/2007 CE for Stainless Steel and Aluminium. A query was raised regarding the payment of duty and return filing under Central Excise Notification 17/2007 CE, which supersedes Notification 34/2001-CE. The inquiry focused on the timing of duty payment and the necessity of filing a monthly ER-1 return. The response clarified that under Notification 17/2007 CE, applicable to stainless steel pattis/pattas and aluminium circles, the benefit can be availed any time during the year for a full month. The assessee is not required to file an ER-1 return but must submit a monthly statement as per the notification's annexure.