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PLA deposit

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..... PLA deposit
Query (Issue) Started By: - sunil bandekar Dated:- 7-5-2014 Last Reply Date:- 7-5-2014 Central Excise
Got 1 Reply
Central Excise
Hi, What will the consequences if the amount .....

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..... is not transferred by bank to PLA a/c by 5th of the month due to banking issues. In such situation where there no enough balance to pay the month's excise duty, what can be done? Kindly suggest. .....

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..... Reply By Rajagopalan Ranganathan: The Reply: Sir, Now there is no question of maintenance of PLA by Central Excise Assessee. What is required under Central Excise Law is you have to pay the cash .....

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..... component of the excise duty payable by you for a particular month by 6th of the following month if payment is made through internet Banking facility or by 5th of the next month if payment is made thr .....

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..... ough other modes (by cash, cheque etc.). If you fail to pay the duty by the due date then you have to pay the duty amount with interest at the rate of 18 percent p.a. Bank will not transfer any amoun .....

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..... t deposited to PLA. After depositing the amount by T.R.6 challan, you have to take credit in PLA. However, this practice is now discontinued after the introduction of ACES and GAR-7 challan.
Discu .....

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..... ssion Forum - Knowledge Sharing .....

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