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
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.
V. ANIL KUMAR