The Central Board of Indirect Taxes & Customs (CBIC) on July 03, 2024, issued a circular regarding revised Monetary Limits for Adjudication of Show Cause Notices in Central Excise for commodities classified under Chapter 24 of Schedule IV of Central Excise Act, 1944.
The following has been stated: -
•The monetary limits for issuing show cause notices demanding central excise duty/CENVAT credit and passing adjudication orders thereon for commodities under Chapter 24 of Schedule IV of the Central Excise Act, 1944 shall be as given below.
•In respect of show cause notices issued before the issuance of this Circular and where no adjudication order has been issued to date, the same may be made answerable to the respective adjudicating authority following the criteria mentioned above, by way of issuing a suitable corrigendum.
[Circular No. 1086/01/2024-CX]
