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Rows 9A and 16A have been inserted in the ER-1 return

posted 13 Jun 2014, 03:37 by Unknown user
Rows 9A and 16A have been inserted in the ER-1 return form introduced as per Notification No. 12/2012-CE(NT). This enables entry of transfer of credit of additional duty leviable under sub-section (5) of section 3 of the Customs Tariff Act from one registered premises to another.The row 9A enables entry of credit taken from another unit of the same registrant while row 16A enables entry of credit utilized by transfer to another unit of the same registrant. The entry can be made only in corresponding column no.6 of the table no. 8 Details of credit taken and utilized. Row 9A reads as follows; Row 9A : Credit taken from inter-unit transfer of credit under Rule 10A of CENVAT Credit Rules, 2004" Row 16A reads as follows: Row 16A credit utilized towards inter-unit of credit under Rule 10A of CENVAT Credit Rules,2004. Column 6 reads as follows: Additional duty of Customs under Section 3(5) of the customs Tariff Act, 1975. ( To view notification No 12/2012-CE (NT), click here.)
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