Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Seeks to specify return ER-2 under rule 23 (3) of Central Excise Rules, 2017 and rule 11 (3) of CENVAT Credit rules, 2017 in supersession of Notification No. 24/2008-CE (NT)

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Monthly Return for hundred per cent export-oriented undertakings in respect of goods manufactured, goods cleared and receipt of inputs and capital goods. Form E.R.-2 Original/Duplicate 1. M M Y Y Y Y Return to be submitted by EOU/STP/EHTP/BTP unit for the month of : Central Excise Registration number: Letter of Permission number and date: 2. GST Registration number: .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... BCD on like imported goods CVD equivalent to total duties leviable as duty of excise on like imported goods Tariff Rate Customs Notification C. Ex. (EOU) Notification Effective Rate BCD amount payable (Rs) Tariff Rate Customs/C.ExNotification C. Ex (EOU) Notification Effective Rate CVD amount Payable (Rs.) No. Sl. No. No. Sl. No. No. Sl. No. No. Sl. No. (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20) (21) (22) .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 5. Abstract of Account - Current (Cash/ Bank payment): Summary Amount in Rs. (1) (2) Opening Balance Add: TR-6/ GAR-7 Challan payments made in the month (in aggregate) Total aLess: Utilization towards Payment of duties on goods cleared during the month [Vide Details furnished under column No. (3) of the Table at Sl. No. 4C of the Return]mount available Less Utilization towards Other Payments made during the month [Vide Details furnished under column No. (2A) of the Table at Sl. No. 9 of the Return] Closing balance 6 A. Details of duty free indigenous Inputs received by the unit: Sl. No. Description of goods CETSH No. Unit of Qty. Provisions under which inputs received Opening Balance (Qty) Receipt during the month .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Description of goods CETSH No. CTSH No. Unit of Qty. Provisions under which inputs received Opening Balance Receipt during the month C. Ex Notification No. Provision of FTP Qty. Value (Rs.) Duty foregone (Rs.) (1) (2) (3) (4) (5) (6A) (6B) (7) (8) (9) (10) .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ADE levied under clause 85 of Finance Act, 2005 (Rs) Additional duty of customs levied under section 3(1) of the Customs Tariff Act, 1975 (Rs) Additional duty of customs levied under section 3(5) of the Customs Tariff Act, 1975 (Rs) (1) (2) (3) (4) (5) (6) 1 Opening 2 Credit of excise duty taken on inputs on invoices issued by manufacturer 3 Credit of excise duty taken on inputs on invoices issued by 1st or IInd stage dealer 4 Credit of CVD taken on imported inputs 5 Total credit .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 5. Other arrears of duty 6. Interest payments under rule 8 of Central Excise Rules, 2002 7. Other interest payments 8. Miscellaneous payments 9 Total 10. Self- Assessment Memorandum: a) I hereby declare that the information given in this return is true, correct and complete in every respect and that I am authorised to sign on .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... olumn No. (8) of the Table at Sl. No. 3, the value means the value declared in ARE-1 / ARE-2 . 4. In the Table at Sl. No. 4A, - (i) If a specified product attracts more than one rate of duty, then each of the rates should be mentioned separately. (ii) If a specified product attracts different rates of duty, within the same month, then such details should be separately mentioned. For example: On the 10th of a month, the effective rate of duty leviable for the product is changed, then the details relating to production, clearance and payment of duty need to be mentioned separately for the period up to 9th of the month and from 10th to the end of the month. (iii) In column No. (7), the details of clearances of goods should be specified separately in accordance with provisions of the Foreign Trade Policy under which such clearances are made. The clearances of goods, which are not similar, cleared under the same provision of the Foreign Trade Policy, should also be specified separately. Further, the details of clearance in the table would also include clearance in DTA which are counted for fulfillment of NFE. For example: If a product is cleared under Para 6.8 (a) a .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... t Sl. No. 7, original value at the time of import / procurement has to be indicated against particular capital goods whether cleared or destroyed. 10. The details of the challans for duty payment should be mentioned in Table at Sl. No. 4C. Separate challans used for pre-deposit of duty for the purpose of appellate remedy and for other type of payments shall be mentioned in the Table at Sl. No. 9. 11. In column No. (5) of the Table at Sl. No. 9, specify the Order-in-Original number and date relating to the payment of arrears of duty and of interest. For other miscellaneous payments, mention the source document number and date. Miscellaneous payments include penalty, redemption fine and Pre-deposit. 12. In the Table at Sl. No. 4C and 9, the BSR codes of the Bank branch should be indicated. 13. The 5 years block period shall be reckoned from the date of commencement of production of the Unit as specified under Para 6.5 read with Para 6.6 (a) of the FTP . 14. The abbreviations and expressions used in this form are as below: BCD- Duty of Customs leviable as per First Schedule to the Customs Tariff Act, 1975 (51 of 1975). CVD- Additional duty equal to Excise .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates