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Seeks to prescribe the credit transfer document under rule 15(2) of CCR, 2017

Circular No.ES/104/2017-18                                                    July 04, 2017

To: Members of the Council

Sub:  Seeks to prescribe the credit transfer document under rule 15(2) of CCR, 2017

Dear Member,

Vide Notification No. 21/2017- C. EX (N.T.) dated 30.06.2017 the  Central  Government  hereby directs  that  a manufacturer  who  was registered  under  Central  Excise  Act,  1944  (here in after  referred  as ‘manufacture r’), to evidence  payment  of  duty  of  excise  specified  in  the  First  Schedule  to  the erstwhile Central Excise Tariff Act, 1985, paid on goods manufactured and cleared by him under the cover of an invoice before the 1st day of July, 2017 (hereinafter referred to a s ‘such date’), may issue a document  called  Credit  Transfer  Document (hereinafter referred to as ‘CTD’) to  a  person (hereafter refer red to as ‘dealer’) who was not registered under the Central Excise Act, 1944 but  is  registered  under  the  provisions  of  Central Goods  and Services Tax Act,  2017 (hereinafter referred to as ‘CGST Act, 2017’) and  is  in  possession  of  such  manufactured goods held in stock on the such date, subject to such limitations, conditions and procedures as specified in the above Notification.

Members may kindly make note of the same.

Thanking you,

V. ANIL KUMAR
EXECUTIVE DIRECTOR

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