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G. Gurumurthy

CBEC had originally set April 7 as the last date for filing of stock declaration so as to allow them to avail the `cenvat' credit. The department had allowed the Cenvat credit for the duty-paid inputs and the deemed `Cenvat' credit in respect of others.

COIMBATORE, April 7

THE Central Board of Excise and Customs is believed to have put off by a week the deadline for the excise registration and declaration of stocks for the textile trade's Cenvat claims which expires on Monday.

The Excise Department has now extended the time till April 14 and this follows representations from the textile trade which had asked for more time for filing the declaration on stocks lying with them as on March 31, 2003 to avail the Cenvat duty credit, the Tirupur Exporters Association (TEA) sources told Business Line.

Though the sources claim that the extension in the time-limit for excise registration by the textile producers and trade under the amended Central excise rules for the textile industry's Cenvat scheme has been sought by the former on the ground that the manufacturers/traders would need more time to collate the goods lying in stock in different production centres, the postponement is also necessitated by the ongoing strike by the textile producers/trade in the powerloom sector.

However, there is no official confirmation received so far from the Central Excise authorities on the deferment of the deadline for excise registration/stock declaration.

The Excise authorities had originally set April 7 as the last date for filing of declaration of the stocks of inputs, semi-finished and finished goods lying with them as on March 31, 2003 so as to allow them to avail the `cenvat' credit — the department had allowed the Cenvat credit for the duty-paid inputs and the deemed `Cenvat' credit in respect of others. But the department has made it that the excise registration should go concurrently with the filing of the declaration of stocks by the textile manufacturers/trade.

The sources also claimed that the board had done away with the mandatory filing of the ARE-I form for the export consignment currently being submitted to the Excise department along with the customs document and this has been conceded on the plea that the exporters are already furnishing the letter of undertaking to the excise authorities.

The postponement of the date for filing the excise registration and stock declaration may slacken the pace of the registration of the textile manufacturers/trade pursued by the various commissionerates of central excise under the Cenvat duty scheme for the textile industry.

The Coimbtore zonal Central excise, comprising Salem, Tiruchi, Madurai, Tirunelveli besides Coimbatore Commissionerates, have so far received 604 applications for registration from the textile firms/individuals in textile trade. Out of this, the authorities have issued 516 registration certificates. Tirupur in Salem commissionerate is said to have topped the list of textile trade that has filed maximum number of applications with 400 applications filed for excise registration.

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