Notification for allowing Centralised registration for Petroleum Crude

Last updated: 12 November 2021

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Manufacturing units producing Petroleum Crude can now benefit from a centralised registration system. This exemption applies if you have a centralised billing or accounting system across different units. You will only need to register the premises from where this centralised billing or accounting is managed. Any new production premises must be notified before commencing commercial production.

MINISTRY OF FINANCE

(Department of Revenue)

New Delhi, the 10th November, 2021

Notification No. 02/2021-Central Excise (N.T.)

G.S.R. 787(E). - In exercise of the powers conferred by sub-rule (2) of rule 9 of the s, 2017, the Central Board of Indirect Taxes and Customs hereby exempts from the operation of said rule, every manufacturing unit engaged in the manufacture or production of Petroleum Crude, falling under tariff heading 2709 00 10 of the Fourth Schedule to the Central Excise Act, 1944 (1 of 1944) (hereinafter referred to as the specified goods), where the manufacturer of such goods has a centralised billing or accounting system in respect of specified goods manufactured or produced by different units or premises and opts for registering only the unit or premises or office, from where such centralised billing or accounting is done.

Provided that prior intimation shall be given before starting commercial production at any additional premises subsequent to obtaining such registration.

[F. No. 116/40/20-CX-3]

VARUN KUMAR SINGH, Under Secy.

FAQ :

The new notification allows manufacturing units of Petroleum Crude to opt for centralised registration if they operate with a centralised billing or accounting system across multiple units.

Manufacturing units engaged in the production of Petroleum Crude (tariff heading 2709 00 10) that have a centralised billing or accounting system are eligible.

It means you can register only the specific unit or premises or office from where the centralised billing or accounting for Petroleum Crude is conducted, rather than registering each individual manufacturing unit.

If you start commercial production at any additional premises after obtaining centralised registration, you must provide prior intimation before commencing production.

Notification No : 02/2021-Central Excise (N.T.)
Source : https://www.cbic.gov.in/resources//htdocs-cbec/excise/cx-act/notifications/notfns-2021/cx-nt2021/cx-nt02-2021.pdf

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