PAYMENT OF DUTY

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..... n case of a manufacturer availing exemption based on the value of clearances during a financial year (SSI exemption), the duty for a month is liable to be discharged by 15 th day (16 th day in case of e-payment) of the succeeding month. The assessees may, at their option, make payment of duty consignment-wise. Once the assessee has deposited a cheque in bank within the due date and the same is .....

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..... -line Challan. The customer should select the appropriate type of tax from the pop up menu and enter the duty amount. Thereafter, the Challan should be submitted electronically. The customer has to enter his User Id and Password to enter the secured e-banking area. The customer should select the account for debiting the total tax amount and authorize the payment. 6.4 Advantages .....

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..... Account maintained by the assessee under the provisions of the CENVAT Credit Rules, 2004 . The amount of duty deposited in the Bank can be credited to the account current (Personal Ledger Account). 6.6 Action in case of default: As per Rules 8(3) and 8 (3A), when the assessee fails to pay the duty by the due date, he shall be liable to pay the outstanding amount along with interest at the r .....

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