Finmin notifies ‘revised returns’ provisions under Central Excise Rules w.e.f. August 17

Finance Ministry notifies that sub-rule (8) of Rule 12 and sub-rule (7) of Rule 17 of Central Excise Rules introduced during Budget 2016 shall come into force from August 17th; Accordingly, assessee can submit revised Excise Return by end of the calendar month in which original return has been filed, and in case of Annual Return, within one month from date of submission such Return, under Rule 12(8); In such case of revised return under clause (a), “relevant date” for purpose of recovery of excise duty u/s 11A of Central Excise Act shall be date of submission of such revised return; Further, EOUs can submit revised returns by end of the calendar month in which the original return is filed, in terms of Rule 17(7) : Finmin Notification