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To clear consignment for export purpose with payment of excise duty

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..... we are manufacture of Pharmaceuticals machinery . one of our customer who is going to export our machinery require to clear our with payment of excise duty instead of CT-1 . In this regard wheth .....

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..... er we have to pay that duty before the clear the material from our unit or we can pay end of the month i.e. before 5th of succeding month alongwith other local consigment. pl advice. - Reply By R .....

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..... OHAN THAKKAR - The Reply = Dear Sir, Generally the duty is to be paid at the time of removal [Rule 4 of Central Excise Rules]. However, Rule 4 states that the duty is to be paid in the manner state .....

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..... d in Rule 8. The duty on the goods removed from the factory or the warehouse during a month shall be paid by the the 6th day of the following month, if the duty is paid electronically through intern .....

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..... et banking and by the 5 th day of the following month, in any other case. [Rule 8 of Central Excise Rules, 2002] Thus, duty is to be paid on 5th / 6th of the following month irrespective of the fac .....

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..... t whether the goods are meant for export (in case it is duty paid export) or of a local clearance) - To clear consignment for export purpose with payment of excise duty - Query Started By: - SURYAKA .....

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..... NT MITHBAVKAR Dated:- 6-8-2011 Central Excise - Got 1 Reply - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementin .....

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..... dia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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