Admissibility of Money Credit under Notification No.46/89-CE dated 11-10-1989 - regarding - Central Excise - 22/91-CX.8

Admissibility of Money Credit under Notification No.46/89-CE dated 11-10-1989 - regarding Circular No. 22/91-CX.8 Dated 30-5-1991 [From F. No. 267/34/91-CX.8] Government of India Central Board of Excise Customs New Delhi Subject : Admissibility of Money Credit under Notification No.46/89-CE dated 11-10-1989 - regarding. I am directed to say that doubts have been expressed whether money credit under Notification No. 46/89-CE, dated 11-10-89 on specified oils used by the Soap Manufactures would be admissible during the intervening period i.e. 11-10-89 (i.e. The date of issuance of Notification No. 46/89) and the date of issue of the Trade Notice (s) by the Collectorates prescribing the procedurs to be followed thereunder. Attention in this regard is invited to instructions issued vide Board's Circular No. 24/89-CX.8, dated 30-6-1989 whereunder on a similar problem cropping up, a decision had been communicated that money credit should not be denied during the intervening, period if the Collectors are satisfied from the private records of the assessee that the said oils have actually been used for the purpose specified in the notification. It has been decided that the same practice may be followed in the case of Notification No. 46/89-CE also. Pending cases may, therefore, be decided accordingly. Trade field formation may be informed accordingly. This disposes of CCE, Chandigarh's letter C.No.V (34)8/l/Tech./87/2435, dated 19th February, 1991. Receipt of this letter may please be acknowledged.