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TMI BlogManner of paymentX X X X Extracts X X X X X X X X Extracts X X X X ..... red during a quarter of the financial year shall be paid by the 6th day of the month following that quarter, if the duty is paid electronically through internet banking and in any other case, by the 5th day of the month following that quarter, except in case of goods removed during the last quarter, starting from the 1st day of January and ending on the 31st day of March, for which the duty shall be paid by the 31st day of March. 16 [Explanation-1. For the removal of doubts, it is hereby clarified that,- 17 [(a) *** ] (b) an assessee, 18 [***] shall be eligible, if his aggregate value of clearances of all excisable goods for home consumption in the preceding financial year, computed in the manner specifi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for the purposes of these rules on the excisable goods removed in the manner provided under sub-rule (1) and the credit of such duty allowed, as provided by or under any rule. (3) If the assessee fails to pay the amount of duty by the due date, he shall be liable to pay the outstanding amount along with an interest at the rate of specified by the Central Government vide notification under 8 [section 11AA] of the Act on the outstanding amount, for the period starting with the first day after due date till the date of actual payment of the outstanding amount. 12 [(3A) If the assessee fails to pay the duty declared as payable by him in the return within a period of one month from the due date, then the assessee is liable to pay th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mmunication of the order passed by the Assistant Commissioner of Central Excise or the Deputy Commissioner of Central Excise, as the case may be, in this regard or till such date on which all dues including interest thereof are paid, whichever is later, and during this period notwithstanding anything contained in sub-rule (4) of rule 3 of CENVAT Credit Rules, 2004, the assessee shall be required to pay excise duty for each consignment by debit to the account current and in the event of any failure, it shall be deemed that such goods have been cleared without payment of duty and the consequences and penalties as provided in these rules shall follow . 2 Has been inserted vide Notification No. 8/2007 CE ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ces in a financial year, the duty on goods cleared during a calendar month shall be paid by the 5 [16 th day of the following month, if the duty is paid electronically through internet banking and by the 15 th day of the following month, in any other case] except in case of goods removed during the month of March for which the duty shall be paid by the 31st day of March. 8 Substituted vide notification no. 8/2012 CE(NT) dated 17-3-2012 , before it was read as, Section 11AB 9. Substituted vide Notification No. 15/2013 - Central Excise (N.T.) dated November 22, 2013 w.e.f. 1st day of January, 2014 , before it was read as, rupees ten lakh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Not. 08/2015 - Dated 28-2-2015 , w.e.f. 1st day of March, 2015, before it was read as, and the interest under sub-rule (3) 14. Substituted vide Not. 25/2015 - Dated 9-12-2015 , before it was read as, (1A) Notwithstanding anything contained in sub-rule (1), the duty on the goods removed from the factory or the warehouse, in the State of Gujarat, during the second fortnight of February, 2002 and the month of March, 2002 shall be paid by the 31st March, 2002 : Provided that where an assessee in the State of Gujarat is availing of the exemption under a notification based on the value of clearances in a financial year, the duty on goods cleared during the month of February, 2002 shall be pai ..... X X X X Extracts X X X X X X X X Extracts X X X X
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