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E-Payment of Excise Duty- Last date is 6th(amended)

Chartered Accountant



e-Payment of Excise Duty- Last date is 6th- Central Excise Rules Amended


For payment of excise duty by electronic means i.e. using Internet Banking, the last date will be 6 th of succeeding month. For assessees availing exemption under a notification based on the value of clearances in a financial year (read SSI exemption), the due date is 16th instead of 15th of the following month. The extension of due date by one day appears to be aimed at encouraging assessees to opt for e-payment. Presently, e-payment is compulsory only for those who have paid Rs.50 lakhs or more by cash during the previous financial year and for others it is optional. But such extension of due date defies logic as the account gets credited within hours in most cases of e-payment unlike other modes. For March, the last date remains unchanged as 31st March.



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EXCISE DUTY PAYMENT LAST DATE IS 6TH OF SUCCEDING MONTH BUT WHAT WILL BE THE LASTDATE FOR MARCH AS I KNOW IT IS 31 MARCH.

PLEASE CORRECT ME IF I AM WRONG.

 
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Sr. Officer - Central Excise/Cash


I agreed with Mr. Pradeep.  31 st is the last date for e-payment of March.

Regards

RP Ananthakumar

 


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THANKS MR.RP ANNANTKUMAR

ONE OF MY CLIENT FAILED TO PAY 0N 31ST MARCH 2015 BECAUSE OF SERVER PROBLEM OF EXCISE DEPT.

WHAT % PENALTY WILL HE HAVE TO PAY IF HE PAYS ON 2ND APRIL 2015 .

PLEASE MENTION THE CODE OF INTEREST ON EXCISE DUTY.

 

 
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Sr. Officer - Central Excise/Cash


Dear Mr. Pradeep.

18%/Year or 365 days - of total duty payable in Cash

Code is INTEREST - 00380087

Regards

RP Ananthakumar

 


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I have maintain the Excise records in excel sheet ( RG-1, RG 23 Part-I, II, FORM -IV ) AND TAKE THE PRINT OUT EVERY MONTH, BUT I CAN NOT MAINTAIN THE PAGE SERIAL NUMBER. MY QUESTION IS : PAGE SERIAL NUMBER IS MANDATORY FOR RG-1, RG23PART-I, II, FORM IV 

 

 
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Sr. Officer



No this is not madatory. You can maintain it without page number.

 


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practising



For Nikita

6th is the last date after the month, or quarter in case of SSI unit, but you referred 15th / 16 th which is incorrect

R C Verma,

Advocate,Central Excise and Service Tax

09810525780

 
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