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Applicability of rule 8(3a) of central excise rules, 2002

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Nitish Lath

Accounts Manager

29 Points Posted on 02 July 2014

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.

Replies (1)

Harendra Kumar

Tax Advisor

1502 Points Posted on 03 July 2014

Sir,

In this regard duty liability to be effect when notification comes into force so that check the applicability of notification in this regard and paid the entire duty and interest will be arising on such duty only current account and further any duty remaining in this regard plz pay the duty with interest. Duty can be pay cenvat credit or cash/bank but interest only will be paid only current a/c.