Monthly Payment of Central Excise Duty–Procedure Notified

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..... of 1944), the Central Government hereby makes the following rules further to amend the Central Excise Rules, 1944, namely:- 1. (1) These rules may be called the Central Excise (Eleventh Amendment) Rules, 1999. (2) They shall come into force on 1st June, 1999. 2. In the Central Excise Rules, 1944, after Rule 173G, the following rule shall be inserted, namely:- ""173 G.G. - Special Procedur .....

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..... e facility of monthly payment of duty under this rule; (b) the manufacturer shall assess the duty due on the excisable goods intended to be removed, for each consignment, and shall enter the particulars of such consignments in Form RG-1 with the modification in the said Form RG-I that for the words ""On payment of duty"", the words ""Amount of duty payable"" had been substituted; (c) the man .....

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..... ails to pay the amount of duty payable for a calendar month by the fifteen of the succeeding calendar month, he shall be liable to pay the outstanding amount along with interest at the rate of thirty per cent per annum on the outstanding amount, for the period starting with the 16th day of the succeeding month till the date of actual payment of the outstanding amount, together with a penalty of fi .....

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