OFFICE OF THE COMMISSIONER OF CENTRAL EXCISE : MUMBAI-III
VARDAAN TRADE CENTRE, 4TH FLR, ROAD NO. 16, W.I.E., THANE 400 604 TEL : 2 58 00 617
Subject: Advisory Committee on Abatement– reg.
It is for the information of the trade that, in pursuance of the announcement of the Hon’ble Finance Minister in his Budget Speech 2005-06, the Ministry of Finance set up an Advisory Committee to advise the Government on abatement of excise duty and service tax vide Order F. No. 354/30/2005- TRU Government of India, Ministry of Finance, Department of Revenue dated 3.5.2005 and a Press Release to this effect was also issued on the same day.
The Government has been receiving representations seeking increase in the level of abatement for the purpose of levy of excise duty and service tax. It has been observed that in a number of cases, the representations from the trade and industry for increase in the level of abatement have come without adequate data in support of their claims warranting change in the level of abatement. The Advisory Committee on Abatement is unable to examine and take a view on such requests in the absence of required data supporting such claims.
In order to enable the Advisory Committee on Abatement to take a view on such request expeditiously, it is requested that any request relating to abatement either for excise duty or service tax purposes needs to be sent along with the information in support of the claims and the supporting books of accounts. The information furnished is to represent and cover the different sections of the industry and is to be complete. In addition to other relevant information, the following information also needs to be furnished:
· Trade practice on sale pattern and the nature of trade margins and discounts.
· Calculation based on the actuals of different segments of the industry (small, medium and large) and of recent data.
All trade associations are requested to bring the contents of this Trade Notice
to the notice of their members in particular and the trade in general.
Sd/-
(K.K. SHRIVASTAVA)
COMMISSIONER
CENTRAL EXCISE : MUMBAI-III
F.No.V.Gen(8)/6/2005/M-III
Thane, the
Copy to : All Trade Associations as per Mailing List / Member of RAC (OS) & SSI by
name / All Chambers of Commerce/Press Information Bureau.
All Additional Commissioner / Joint Commissioners /
All Divisional Deputy/Assistant Commissioners (with 10 spare copies) /
Assistant Commissioner (Audit) / Brand Rate Unit / P.R.O. (Notice Board).
Office of the Chief Commissioner of Central Excise & Custom, Mumbai, Zone II.
(Based on Circular No. 354/30/2005-TRU dated 06.09.2005)