Trade Notice No. 33/2007 ST Dated: 18/10/07

Subject: Accounting of Education Cess – reg.

***

The Principal Controller of Accounts, CBEC, New Delhi’s letter No. Coord/13-6/98-99/Vol.IV/454 dated 04.10.2007 on the above-mentioned subject is communicated herewith for information and necessary action.

All the Trade associations are requested to bring the contents of the Trade Notice to the attention of their members, in particular, and the trade and all other concerned in general.

(Issued from file: C.No. IV/16/01/2007-STC)

Encl: As above.

( P.K.JAIN )

COMMISSIONER

1. As per mailing list. (Both Trade and Department.)

2. Members of the R.A.C.

3. Copy to: The Superintendent, Computer Section for publishing in the Departmental Website.

Coord/13-6/98-99/Vol.IV/454

Office of the Pr.Chief Controller of Accounts

Central Board of Excise & Customs,

A.G.C.R.Building, I Floor,

I.P.Estate, New Delhi.

Dt : 04.10.2007

OFFICE MEMORANDUM

Sub : Accounting of Education cess – reg.

Reference is invited to this office O.M.No.Coord/13-6/98-99/vol.IV/329 dated 13.04.2007 on the above subject advising all the PAOs that pending opening of new Head of Accounts the new levy on account of “Secondary and Higher education Cess” deposited by assesses may be accounted for under Sub Head/Minor Head of Accounts “Receipt Awaiting Transfer to the other Minor Head etc”. under the Major Head “0037-Customs”, “0038-Union Excise Duty” & “0044-Service Tax” and the amount kept under RAT could be transferred to the new Head of Accounts as and when opened by CGA’s office.

Controller General of Accounts has approved operation of new Minor Head “505-Secondary and Higher Education Cess” under the Major head “0037-Customs”, “0038-Union Excise Duty” & “0044-Service Tax” vide Correction Slip Nos.630, 631 & 632 dated 03.09.2007. Numeric Code, Serial Codes and SCCD Codes are given below:-

Numeric Code

Description

Sl.Code

SCCD Code

0037

003700505

00370050501

Customs

Secondary and Higher Education Cess

Deduct Refunds

00370068

00370069

116

113

0038

003803

003803505

00380350501

Union Excise duty

Non-Shareable duties

Secondary and Higher Education Cess

Deduct Refunds & Drawback

00380115

00380116

110

119

0044

004400505

00440050501

00440050502

00440050503

Service Tax

Secondary and Higher Education Cess

Tax Collection

Other Receipts*

Deduct Refunds

00440426

00440427

00440428

110

111

118

* The Sub-Head “Other Receipts” is meant for interest/penalty leviable on delayed payment of Service Tax.

Eight digit Serial Codes for the new Heads of Accounts now opened may kindly be intimated to the Commissioners of Customs, Central Excise and Service Tax under your jurisdiction advising them to issue a Trade Notice for the benefit of assesses.

Action may also be taken for transfer of amount lying under ‘RAT’ to the new Head of Accounts as mentioned above.

Further, it is intimated that the nomenclature of the minor head 504-Education Cess’ inserted vide correction slip No.532 dated 07.12.2004 has been changed as ‘504-Primary Education Cess’ vide the Correction Slips mentioned above. However, their accounting codes will remain same as given below :-

Numeric Code

Description

Sl.Code

SCCD Code

0037

003700504

00370050401

Customs

Primary Education Cess

Deduct Refunds

00370066

00370067

110

111

0038

003803

003803504

00380350401

Union Excise duty

Non-Shareable duties

Primary Education Cess

Deduct Refunds & Drawback

00380111

00380118

116

118

0044

004400504

00440050401

00440050402

00440050403

Service Tax

Primary Education Cess

Tax Collection

Other Receipts*

Deduct Refunds

00440298

00440299

00440300

117

114

119

* The Sub-Head “Other Receipts” is meant for interest/penalty leviable on delayed payment of Service Tax.

This may also be intimated to the Commissioners of Customs, Central Excise and Service Tax under your jurisdiction advising them to issue a Trade Notice for the information of assesses.

Yours faithfully,

(Sd/-)

(R.P.Jaiswal)

Sr.Accounts Officer(Coord-Rev)