EASIEST e-payment - Central Excise - TRADE NOTICE: 2/2009(CEX)

OFFICE OF THE COMMISSIONER OF CUSTOMS CENTRAL EXCISE: HYDERABAD - IV COMMISSIONERATE: POSNETT BHAVAN: RAMKOTI: TILAK ROAD : HYDERABAD C. No V/8/1/2008 Tech DATED: 26.02.2009 TRADE NOTICE: 2/2009(CEX) Sub: EASIEST e-payment - Regarding The trade is aware that payment of Central Excise Duties Service Tax through internet banking has been made compulsory for Central Excise Service Tax assessees paying more than ₹ 50 lakhs per annum. As per the earlier procedure, the registered Central Excise/Service Tax assessee had to log-on to the internet site of any of the authorised banks to carry out the transaction. It was, however, observed that in these transactions the validations were not done for a number of crucial and critical fields resulting in incomplete and inaccurate data. To overcome these defects and Improve the quality of data, it was decided that ail the non-financial validations such as assessee code, location code and accounting codes would be carried out at NSDL's website and thereafter the assessee would proceed to the authorised bank's website and thereafter the assessee would proceed to the authorised bank's website from a secure link provided from NSDL website. The Reserve Bank of India has already issued instructions to this effect to all the banks in August 008 and the banks were to complete the testing and go live in November 2008. As of now, 14 banks have completed the testing and are linked up through the NSDL system. The other banks also asked to complete the testing and go live at the earliest. A brief write up on the current EASIEST e-payment procedure is enclosed to this trade notice for your information. (RAM PRAKASH) COMMISSIONER