We remove goods from our factory without payment of excise duty because we have cenvat credit in RG23 Part II.We have dabit the PLA a/c Now we have payable duty , what is the time limit for payment of duty after adjustment?
We remove goods from our factory without payment of excise duty because we have cenvat credit in RG23 Part II.We have dabit the PLA a/c Now we have payable duty , what is the time limit for payment of duty after adjustment?
Goods have to be cleared from factory under an invoice. Duty is payable on monthly basis, by 5th of following month. In case of e-payment last date is 6th duty can be paid through current account (PLA) and cenvat credit. If you have short cenvat credit available then you will pay remaining balance from PLA a/c.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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