Seeks to amend Notification No. 27/2012-Central Excise (N.T) so as to prescribe the time limit for filing application for refund of CENVAT Credit under Rule 5 of the CENVAT Credit Rules, 2004, in case of export of services. - 10/2016 - Central Excise - Non Tariff
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Packing machine capacity determination amended to prescribe monthly pouch capacities and expedited re-determination and payment timelines. The amendment substitutes rule 5 to prescribe monthly deemed pouch production per operating packing machine based on retail price bands and machine maximum packing speeds, treats each track/line of a multi-track machine as a separate machine for capacity calculation, mandates re-determination of annual capacity by the Deputy/Assistant Commissioner within three working days of commencement, fixes the monthly duty payment deadline for March 2016, and revises FORM-2 to set out duty break-up and columns for CENVAT credit and cash payment.
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Packing machine capacity determination amended to prescribe monthly pouch capacities and expedited re-determination and payment timelines.
The amendment substitutes rule 5 to prescribe monthly deemed pouch production per operating packing machine based on retail price bands and machine maximum packing speeds, treats each track/line of a multi-track machine as a separate machine for capacity calculation, mandates re-determination of annual capacity by the Deputy/Assistant Commissioner within three working days of commencement, fixes the monthly duty payment deadline for March 2016, and revises FORM-2 to set out duty break-up and columns for CENVAT credit and cash payment.
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