Central Excise - whether Bank Account can be treated as movable property for the purpose of recovery of arrears.

Document Text

F.No. 296/97/2013-CX-9 Government of India Ministry of Finance Department of Revenue Central Board of Customs & Excise New Delhi Dated : August 12, 2013 The Chief Commissioner of Central Excise, Customs and Service Tax, Hyderabad Sub: Central Excise - whether Bank Account can be treated as movable property for the purpose of recovery of arrears - reg. Sir, I am directed to refer to your letter no. C.No.IV/16/257/2011- CC(HZ)/Tech. dated 28.06.2013 on the above subject and to invite your attention to Section 11 of Central Excise Act, 1944, which after amendment by Finance Act, 2013 contains the required provision. In particular, your attention is invited to sub Section 11 (2)(ii) of the Central Excise Act, 1944. Similar provision has been introduced in Section 142 of Customs Act, 1962 vide Finance Act, 2013. (Copy of Section 11 of Central Excise Act, 1944 & Section 142 of Customs Act, 1962 enclosed). 2. You may, therefore, take necessary action for recovery of arrears accordingly. (Surendra Singh) Under Secretary to the Govt. of India

HS Codes Referenced

Acts & Provisions Referenced

• Central Excise Act, 1944 & Section 142 of Customs Act, 1962 enclosed).
• Customs Act, 1962 vide Finance Act, 2013.
• Central Excise Act, 1944.

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