Excise returns can be now revised

 NEW DELHI : UNDER the existing provisions, only Service Tax returns can be revised. But, there is no such facility of filing a revised return in case of Central Excise. There is a demand from many

manufacturers to allow the facility of revising ER1 returns also. Now the Central Excise Rules have been amended to allow the assessee to file revised return. As per sub-rule (8)(a),

An assessee, who has filed a return in the form referred to in sub-rule(1) within the date specified under that sub-rule or the second proviso thereto, may submit a revised return by the end of the calendar month in which the original return is filed.