Dear Members,
We were paying Excise duty @ 6% on scrap.After applicability of Notification of 12/2012 the rate of Duty was payable @ 12%. We were paying duty from March 12 to Dec12 @ 6%. In december we paid the balance duty @ 6% by utilising the cenvat credit and deposited interest through PLA A/c. Now my question is that we have paid excise duty shortly from Mar to Dec. Whether we will be liable to pay the duty through PLA and Rule 8(3A) will be applicable for duty payment on each cnsignment during Default period. Kindly advice me.
CAclubindia
