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TMI Blogccr rule 5AX X X X Extracts X X X X X X X X Extracts X X X X ..... can any one explain rule 5A,12 CCR 2004 and their interrelation - Reply By Ganeshan Kalyani - The Reply = What is your query and what reference you are seeking explanation of the rules. - Reply By Rajagopalan Ranganathan - The Reply = Sir, Please take the advice of a consultant in your case. This is to be explained to you by referring to the notification 20/2007-CE which cannot be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... done in this column. - Reply By KASTURI SETHI - The Reply = Why such a vague query by Sh.Anil Jangid ? Why not a clear cut query ? Why such__________ ??? I wholeheartedly support the expressions of all three experts i.e. Sh.Ganeshan Kalyani ji, Sh.Rajagopalan Ranganathan Ji and Sh.Mahir S. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = You, youself can read the Said Rules and infer yoursel ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f the interrelations and if any doubt is there please come to this forum. - Reply By AKBAR BASHA - The Reply = Dear experts , please note we are clearing the finished product under payment of applicable duties ,But we had not paid the excise duties for clearance made on October 2015 yet .On the other hand we will be paying the duties along with interest ,is there any procedure that the duty mus ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t be paid on certain period from the due date ,if so please provide some notification or circular for follow up.thanks - Reply By Mahir S - The Reply = Akbar ji, Kindly refer to sub rule (1) , (3) and (3A) of rule 8 of Central Excise Rules 2002 - Manner of Payment. - Reply By Mahir S - The Reply = Sir, It is requested that henceforth a new query pertaining to different issue should b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e separately raised. - Reply By Rajagopalan Ranganathan - The Reply = Sir, Sub-rule 3, 3A and 4 of rule 8 of Central Excise rules,2002 stipulates that- If the assessee fails to pay the amount of duty by the due date, he shall be liable to pay the outstanding amount along with an interest at the rate of specified by the Central Government vide notification under section 11AA of the Ac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t on the outstanding amount, for the period starting with the first day after due date till the date of actual payment of the outstanding amount. (3A) If the assessee fails to pay the duty declared as payable by him in the return within a period of one month from the due date, then the assessee is liable to pay the penalty at the rate of one per cent. on such amount of the duty not paid, for ea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ch month or part thereof calculated from the due date, for the period during which such failure continues . Explanation.- For the purposes of this sub-rule, 'month' means the period between two consecutive due dates for payment of duty specified under sub-rule (1) or the first proviso to sub-rule (1) , as the case may be . (4) The provisions of section 11 of the Act shall be applic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... able for recovery of the duty as assessed under rule 6 and mentioned in the return filed under these rules, the interest under sub-rule (3) and the penalty under sub-rule 3(A) in the same manner as they are applicable for recovery of any duty or other sums payable to the Central Government. Explanation .- For the purposes of this rule, the expressions duty or duty of excise shall also include ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the amount payable in terms of the CENVAT Credit Rules, 2004. The above provisions are self-explanatory and I hope these provisions will solve your doubt. - Reply By KASTURI SETHI - The Reply = It is a serious offence. Now you will have to pay heavy penalty under Rule 8(3A) in addition to interest. Why to suffer ? What is avoidable, should be avoided. Penalty could have been avoi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ded. - Reply By AKBAR BASHA - The Reply = MANY THANKS FOR ALL WHO HAS SHARED YOUR VIEWS IN INFORMING US THE IMPACT OF THE SAID ISSUES .WILL BE PAYING IMMEDIATELY .HATS OF ALL - ccr rule 5A - Query Started By: - Anil Jangid Dated:- 17-1-2016 Central Excise - Got 10 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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