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TMI BlogPLA or account currentX X X X Extracts X X X X X X X X Extracts X X X X ..... It is an account with authorised bank created aftr prior information to excise department. It is upto assess to open this account or not. Am I correct - Reply By Pradeep Khatri - The Reply = PLA me ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... an Personal Ledger Account. In the erstwhile rules there was a requirement to get the PLA number from the Central Excise Department but now there is no such requirement. It is a simple account of duty ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... credit and debit. GAR 7 is the base document to deposit the duty in the authorized bank. On the basis of such deposition, assesse may avail the credit of the amount so deposited in the bank. Debit en ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tries are made in PLA on the following events, viz:- Removal of goods/Raw material/ components, capital goods etc. Payment of Interest Payment of Penalty Payment of amount under Rule 6 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the CENVAT credit Rules etc. Regards Team YAGAY and SUN (Management and Indirect Tax Consultants) - Reply By Naveed S - The Reply = Yes, and it is upto the assessee to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... open bank account.. no permission/intimation/information to be provided to the excise department. - PLA or account current - Query Started By: - Dipneet Kaur Dated:- 10-7-2014 Central Excise - Got ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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