RULE 100C. Maintenance of account-current.

- (1) The Commissioner may, either on a written request made by a manufacturer or on his own accord, instead of requiring payment of duty in respect of each separate consignment of excisable goods removed from a free trade zone or from a hundred per cent export-oriented undertaking, as the case may be, keep with the manufacturer of such goods an account-current of the duties payable thereon and such account shall be settled at intervals not exceeding one month, and the account holder shall periodically make deposits therein sufficient in the opinion of the Commissioner to cover the duty due on the excisable goods intended to be removed from the free trade zone or from a hundred per cent export-oriented undertaking, as the case maybe :

Provided that the Commissioner may allow a manufacturer who manufactures excisable goods falling under two or more Chapters of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) to maintain, subject to such conditions as the Commissioner may specify in this behalf, a single account-current for payment of duty due on all such goods:

Provided further that where a manufacturer maintains separate account- current for each excisable goods, he may, in the event of an insufficient balance in any of the account-current, transfer, subject to such conditions as the Commissioner may specify in this behalf, an amount to such account-current from another account-current which has enough balance on the date of such transfer.

(2) Where the manufacture keeping an account–current under sub-rule (1) makes an application to the Commissioner for withdrawing an amount from such account-current, the Commissioner may, for reasons to be recorded in writing, permit such manufacturer to withdraw the amount in accordance with such procedure as the Commissioner may specify in this behalf.