TaxTMI 
TaxTMI 
Amendment of Central Excise (No. 2) Rules, 2001 for Budget Day restrictions and related instructions - Regarding
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.... of its issue i.e. 22nd of February, 2002 and would be applied to the Budget to be presented on 28th of February, 2002. Further, Notification No. 3/2002-C.E. (N.T.), dated 22nd February, 2002 has also been issued to prescribe a proper form for the purposes of new rule 30A. A copy each of the said Notifications is enclosed herewith. 2. The Budget Day restrictions shall apply to a factory or a warehouse registered under the Central Excise (No. 2) Rules. Units in a Free Trade Zone or hundred percent export oriented undertaking or a unit in a Special Economic Zone shall also be governed by the provisions of the said rule. 3. Rule 30A provides for restrictions on the removal of goods on the Budget Day, which is the 28th of February this year....
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....mmediate decision should be taken on such requests and permission should be granted in deserving cases and communicated to the assessee in time. 6.2 The assessee, who has been given permission by the Commissioner, will be required to make an application in the Form ARE 4 notified vide Notification No. 3/2002-C.E. (N.T.), dated 22nd February, 2002, and submit the same to the Central Excise Officer, as designated by the Commissioner for this purpose before 5.00 P.M. on 27-2-2002. The proper officer shall acknowledge the receipt of the application(s) immediately. 6.3 An assessee can also file an application even with regard to those goods that may come into existence at any time after the appointed time (11.00 A.M.) and the permission can be....
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....upervise removals, countersign the invoice and make entries in the Daily Stock Account where an assessee pays duty on fortnightly basis or make entries in PLA Account of the assessee paying duty consignment-wise, on the Budget Day itself. 6.5 With regard to goods which are yet to come into existence as well as goods which are already in existence, it may be difficult for an assessee to accurately foresee the quantity of goods likely to be removed by him after 11.00 A.M. on the Budget Day for purposes of submitting advance applications of removal on the working day preceding the Budget Day. In such cases, the assessee will be permitted to furnish in advance, a provisional application in Form 1 for the approximate quantity of goods likely t....
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....val facility till 11.00 A.M. on the Budget Day in respect of goods except cigarettes and the instructions contained in this Circular. The field officers should also be properly briefed so that the procedure works smoothly. 9. Receipt of this Circular may please be acknowledged. 10. Hindi version will follow. FORM 1 Provisional Application for Permission for Removal of Excisable Goods on the Budget Day 1. Name of the assessee : 2. Full postal address : 3. Location of the Factory/Warehouse : 4. Registration No. : 5. Excisable commodity : 6. Average quantity of daily removal of excisable goods : 7. Approximate quantity of excisable goods required for removal between 11 A.M. and 12 midnight on the Budget Day : 8. D....