Circular No.ES/ 309/2016-17 February 17, 2017
To: Members of the Council
Sub: Periodicity of Cost Accounting Standard (CAS -4 )certificates
Dear Member,
This is to inform you that the Central Board of Excise and Customs has issued Instruction F. NO. 206/01/2017-CX 6 dated 16.02.2017 on the above subject.
In this connection, instances have been highlighted during C &AG audit that some assessees are not preparing CAS-4 certificates even after substantial time lapse from ending of financial year and filing of Tax Audit reports and therefore these assessees could not calculate the differential duty.
In view of the above, it is directed that assessees should be requested that CAS-4 certificate of the financial year ending on 31st March shall be issued by 31st December of the next financial year. The assessing officer shall thereafter finalize the provisional assessment expeditiously.
Members are requested to make note of the above.
Thanking you,
V.ANIL KUMAR
EXECUTIVE DIRECTOR
