close x


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.



Total thanks : 1 times

 
Reply   
 

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.

 
Reply   
 


Sr. Officer - Central Excise/Cash

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

Regards

RP Ananthakumar

 


Total thanks : 1 times

 
Reply   
 

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.

 

 
Reply   
 
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

 


Total thanks : 1 times

 
Reply   
 

LEAVE A REPLY



    

Your are not logged in . Please login to post replies

Click here to login   Click here to Register



 



Share on :