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    <title>Central Excise - Procedure for payment of Central Excise duty in the event of failure of computer system due to Y2K problems - Instructions regarding</title>
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    <description>Assessees must maintain sufficient balance in their Personal Ledger Account/Modvat account to cover clearances for several days around 1 January 2000. If an authorised bank&#039;s computer failure within a Commissionerate causes stoppage of transactions beyond three days from 1 January 2000, the procedure in Circular No. 480/46/99-CX applies. Assessees with their own computer failures may maintain records manually. Commissioners must monitor banks, prevent misuse, allocate temporary accounts staff, and ensure deposits under this procedure stop once the problem is resolved.</description>
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      <description>Assessees must maintain sufficient balance in their Personal Ledger Account/Modvat account to cover clearances for several days around 1 January 2000. If an authorised bank&#039;s computer failure within a Commissionerate causes stoppage of transactions beyond three days from 1 January 2000, the procedure in Circular No. 480/46/99-CX applies. Assessees with their own computer failures may maintain records manually. Commissioners must monitor banks, prevent misuse, allocate temporary accounts staff, and ensure deposits under this procedure stop once the problem is resolved.</description>
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