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Excise duty time of payment

353 views 2 replies

Cpprasad

CA Student

125 Points Joined August 2011

Hi. I wanted to know if excise duty has to be paid on the removal of goods from factory,i.e Goods cannot be removed untill excise duty has been paid.--as per Rule 4. Then why there is a due date for payment of excise duty? i.e 6th of the month following the relevant month,

Thanks

Cpprasad

Replies (2)

Nikhil Mishra

student

45 Points Joined November 2015

It may always practically be not possible for factorymen to keep paying excise at each and every time they remove goods from factory hence a relief is provided by govt. to pay excise on all goods removed in a month on 6th of next month.