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Pla

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 October 2012 Our co. is manufacturing as well as trading concern....while making payment of excise duty it does not fully utilize the input means it makes payment partially by taking credit of inputs and balance through PLA inspite of having more balance in Input Account..
My question is whether there exist any statutory requirement to make certain payment from PLA inspite of the fact that balance still lying in Input A/c?
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CA Dileep Surya Kumar

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CA Dileep Surya Kumar (Expert)
03 October 2012 There is no Statutory requirement of making minimum payment through PLA. However for reaching targets jurisdictional Excise Officials may insist for some cash payment.
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Prashanth

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Prashanth (Expert)
03 October 2012 Agreed with above experts.There is no such requirement.
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