9911796707
TMI BlogManner of payment.X X X X Extracts X X X X X X X X Extracts X X X X ..... uch centrally registered premises, during a month, shall be paid by the 6th day of the following month, if the duty is paid electronically through internet banking or by the 5th day of the following month, in any other case : Provided that in case of articles sold for the first time by the manufacturer or principal manufacturer, as the case may be, during the month of March, the duty shall be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ged in the manufacture or production of the articles shall be eligible, if his aggregate value of clearances of all excisable goods for home consumption in the preceding financial year, computed in the manner specified in the said notification, did not exceed rupees fifteen crore. Explanation-2 . - The manner of payment as specified in this proviso shall be available to the assessee for the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 6, by an assessee shall be paid by the 31st of July, 2016. Explanation . - For removal of doubts, it is hereby clarified that the duty liability shall be deemed to have been discharged only if the amount payable is credited to the account of the Central Government by the specified date. (3) Every assessee shall electronically pay duty through internet banking : Provided that for reas ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ch amount of the duty not paid, for each 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. (6) The provisions of sectio ..... X X X X Extracts X X X X X X X X Extracts X X X X
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