freezing of cenvat facility, Central Excise

[MEHUL ASHAR]

Respected Sir,

                        Is there any rule in existance that if an assessee fails to pay duty late(PLA)  for 3 times in a particular financial year his cenvat facility is withdrawn for couple of months.iF yes what is the procedure has to be made from the side of assessee.Please reply.

 

THANKING U.

Posts / Replies

[Pradeep Khatri]

Yes, ealier there was such procedure in the Central Excise Laws.  You would have to show bonafide in this regard and contact to commissioner of Central Excise Department.

[vani nemani]

As per the existing provisions of Rule 8, No.  But this provision did exist earlier.  Now consignment wise PLA payment till duty plus interest is completely paid is the only provision.