Instructions regarding invoice assessment

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....t No. 1 : It has been represented that Rule 52A(7) provides for the intimation of the serial number of invoice, before being brought into use, to the Assistant Collector of Central Excise. This will create difficulties where Asstt. Collector's Office is situated at a consideration distance. Decision : Similar provisions exist in other Rules but it is not understood, why difficulty has cropped up now. At any rate intimation of the serial numbers to be used in subsequent month or quarter etc. could be sent by post or in person, as convenient to assessee. Point No. 2 : It has been pointed out that pre-authentication of computerized invoices is not possible as computer invoices are printed on a blank continuous stationery. It has al....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... to show the value in the invoice when the assessment depends on value of the goods. There can be no relaxation on this score. Necessary modifications to the existing procedure for issue of invoices may be effected. However, a time of 3 months to use the existing system may be allowed. In the meantime assessee should make necessary modification to extend terminals from the computer system to the despatch points. Point No. 5 : It has been represented that in the case of consignment that is split up into a number of lots, each of which is transported separately [Rule 5A(4) refers] it is not possible to have a separate invoice for each lot. Decision : As invoice now serves as a transport document also, consolidated invoices will not b....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... instead of stipulating bound invoice books, it may be provided that the loose foils of all the invoices issued in a month will be bound at the end of the month.  Decision : So long as the computer stationery bears identification or distinctive mark so as to connect the same to the assessee issuing invoice on such stationery, there is compliance to the provisions of Central Excise Rules and hence acceptable. Point No. 9 : Rule 52(A)(6) requires that the serial number of invoices should start from 1st January every year. It has been suggested that this should be changed to 1st April every year in order to align the numbering of invoices with the accounting year and the assessment year under the income-tax. Decision : For the....