Electronic Submission of Annual Financial Information Statement Must for Total Duty Paid of Rs. 10 Lac or more w.e.f 1 June 2010 – I

[Central Excise Notification No. 20 (Non Tariff) dated 18th May 2010]

In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944), the Central Government hereby makes the following rules further to amend the Central Excise Rules, 2002, namely:-

1. (1) These rules may be called the Central Excise (Second Amendment) Rules, 2010.

(2) They shall come into force on 1st June, 2010.

2. In the Central Excise Rules, 2002,-

(a) in rule 12, after sub-rule (2), after clause (a), the following proviso shall be inserted, namely:-

“Provided that where an assessee has paid total duty of rupees ten lakh or more including the amount of duty paid by utilization of CENVAT credit in the preceding financial year, he shall file the said Annual Financial Information Statement electronically:”

(b) in rule 17, after sub-rule (3), following proviso shall be inserted, namely:-

“Provided that where an assessee has paid total duty of rupees ten lakh or more including the amount of duty paid by utilization of CENVAT credit in the preceding financial year, he shall submit the said monthly return electronically.”

F.No. 201/20/2009-CX.6